NEW DELHI: The FICCI Committee Against Smuggling and Counterfeiting that Destroys the Economy (CASCADE) is organizing its flagship physical event ‘8th edition of MASCRADE’ (Movement against smuggling and counterfeiting).

The two-day event will be held on September 22 and 23 with the theme “Unleashing the power of consumers in the fight against smuggling and counterfeiting”.

Mr. Venkaiah Naidu, former Vice President of India, will deliver the keynote address.

Known to be a renowned international forum, this year MASCRADE will bring together several senior officials from leading international organizations, such as the World Customs Organization (WCO), INTERPOL, the United Nations Office on Drugs and Crime ( UNODC), World Intellectual Property Organization (WIPO), Organization for Economic Corporation and Development (OECD), US Homeland Security and Australian Border Force.

The event will be divided into several insightful plenary sessions where leading Indian and international experts will discuss ways to empower consumers to fight the battle against the threat of smuggling and counterfeiting.

During the event, FICCI CASCADE and Thought Arbitrage Research Institute (TARI) will release an in-depth report entitled “Illicit Markets: A Threat to Our National Interests”, which examines the size and scope of the illicit market in some of the major countries indians. industries and assesses its impact on individual industries, employment, government tax collection and the overall economy.

Anil Rajput, President of FICCI CASCADE, said: “Due to the Covid restrictions in place, we will be meeting in person after a two-year hiatus. We look forward to a highly interactive, insightful and impactful event this year that will help us strengthen our ongoing fight against smuggling and counterfeiting.India is growing at a rapid pace and has enormous potential to become a world leader in terms of innovation and economy.However, for this, all stakeholders , especially consumers, will need to come together and take strong action to counter the threat of illicit trade.”

In the past, MASCRADE has focused on the smuggling of goods in certain key sectors, the economic impact of the illicit trade and how the funds accumulated through smuggling are used by criminal syndicates to sponsor terrorist activities and social unrest. However, this is the first time the event will put the consumer at the center, focusing on the many ways people can stop illicit trade.

In addition to harming individual industries, smuggling and counterfeiting have a huge impact on job creation and economic growth. They also seriously harm the interests of consumers, as dozens of people fall prey to expired and substandard products. Furthermore, the illicit trade acts as a double whammy for the government, which, while losing legitimate tax revenue, must allocate additional resources to law enforcement and public health.

Illicit trade has been dubbed a crime of the 21st century because of its impact on all global economies, whether developed or emerging. Despite global efforts, it continues to become a lucrative proposition for some, at the cost of significant losses to industry, governments and society as a whole. Regardless of the different approaches to this complex issue, the effects of illicit trade are numerous and socio-economically significant. It is a serious problem, and its impact is far-reaching, affecting various stakeholders including the government, national industries, the wider economy and the citizens of the country.

While severely affecting legal trade, supply and demand disruptions amid the global Covid-19 pandemic have provided criminals with unprecedented opportunities to increase their already large illicit business. According to several international reports, the ongoing pandemic has caused an increase in illicit business activities across a range of industries, including tobacco, alcoholic beverages, household and personal sanitizing products, among others.

As in previous years, FICCI CASCADE will hold an anti-counterfeiting and smuggling awards and congratulations ceremony at MASCRADE 2022 to honor law enforcement officers, school children and journalists for their efforts in the fight against illicit trade. .

About The Author

Related Posts