illicit trade

Illicit trade involves the illegal buying, selling, or distribution of goods that violate laws, regulations, or intellectual property rights. It often includes products like counterfeit items, illegal drugs, smuggled tobacco or alcohol, and unlicensed pharmaceuticals. This trade undermines legitimate businesses, generates revenue for criminal organizations, and can pose serious health and safety risks. Governments and authorities work to combat illicit trade through enforcement, regulation, and international cooperation, aiming to protect consumers, uphold legal standards, and maintain economic stability.