Smuggling costing govt P250B yearly

Smuggling costing govt P250B yearly – FIGHT IT

By Eireene Jairee Gomez

Dec 14, 2022 12:31 am

Rampant smuggling is costing the government at least P250 billion per year, an alliance of industries claimed on Tuesday, depriving the country of funds that can be used for basic and welfare needs.

Globally, contraband goods account for $870 billion in annual losses based on Organization for Economic Cooperation and Development data, FIGHT Illicit Trade (FIGHT IT) Chairman Jesus Arranza said in press briefing.

The Bureau of Customs-Port Davao and the Naval Forces Eastern Mindanao took custody of a domestic shipping vessel and its unmarked fuel cargo last November 29 at the Hijo Port in Tagum City. Photo from Bureau of Customs FB Page

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