First 15-20 minutes is for networking
Sandwiches and beverages included
Hosted by the Trade & Investment Committee
Illicit trade has recently been a topical issue in Hong Kong. This past February, Financial Secretary John Tsang openly acknowledged the problem in his Budget Speech. In recent weeks, media reported law enforcement officials making multiple multi-million seizures of illicit goods including drugs, contraband cigarettes, endangered species, and a wide range of counterfeit goods. Over 1,800 suspected organized crime members were arrested with the youngest being twelve years old.
Cross border criminal syndicates are often behind illicit cigarette trade. This growing illicit market is becoming increasingly problematic for Hong Kong. It is a source of violent crime, economic losses, and counterfeit smuggling. It also poses a threat to Hong Kong's international reputation as Asia's World City.
The key to tackle this growing problem includes a good understanding of the scope of the problem, the forces that drive it and the courage to acknowledge the problem.
Oxford Economics and the International Tax and Investment Center will provide an executive briefing to chamber members and key stakeholders on their international research on the illicit tobacco issue, and exchange public policy ideas.
Panelists will share their insights on best practices used to tackle illicit tobacco trade around the world, and the need for actions by all sectors of society.
Oxford Economics is the world leader in global forecasting and quantitative analysis for business and government, and the most trusted resource for decision-makers seeking independent thinking and evidence-based research.
The International Tax and Investment Center (ITIC) is a clearinghouse for information on best practices in taxation and investment policy, and a training center to transfer such know how to improve the investment climates of transition and developing countries, thereby spurring formation and development of business and economic prosperity.
Organized in 1993, ITIC is an independent non-profit research and education foundation with offices in Russia, Azerbaijan, Kazakhstan, Jordan, the Philippines, Ukraine, the United Kingdom, and the United States.
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