Latest news with #FreeTradeZones
IOL News
07-05-2025
- Business
- IOL News
Industry urges South Africa to curb illicit trade as report reveals economic losses
South Africa ranked 60th out of 158 countries, 'indicating moderate resistance to illicit trade, but with notable vulnerabilities in areas such as supply chain control and enforcement' capacity. Image: Supplied Tawanda Karombo Industry players are urging the South African government to prioritize policies to curb illicit trade through the crafting of an anti-illicit trade strategy, strengthening border controls and utilising technology in securing supply chains. This follows the release of the Transnational Alliance to Combat Illicit Trade (TRACIT) report reviewing South Africa's fight against illicit trade this week. The report, released in conjunction with Business Unity South Africa (Busa), highlights how South Africa's economy continues to be threatened by illegal trade, specifically in sectors such as alcohol, tobacco, food items, pharmaceuticals, agri-chemicals, counterfeiting, mining, and wildlife trafficking. It notes that illicit trade in tobacco and alcohol alone was costing South Africa as much as R30 billion a year in lost revenue. 'Illicit trade deprives the government of critical revenue, fuels organised crime, and puts legitimate businesses at a disadvantage,' said Philippe Van Gils, director of illicit trade prevention at Philip Morris International on Tuesday. Philip Morris International is thus urging the South African government to consider crafting of a national anti-illicit trade strategy, integrating smart tax policies, robust regulatory enforcement, and corruption safeguards. It also believes that strengthening border control and customs capacity, particularly at high-risk points such as ports and Free Trade Zones will help to curb illicit trade. Moreover, securing supply chains with digital track-and-trace systems and enhanced due diligence requirements for manufacturers and logistics providers is also seen improving measures to reduce illicit trade in substances such as alcohol, wildlife, tobacco and others.; 'The TRACIT Index reminds us that a comprehensive approach is required, one that addresses corruption, strengthens enforcement, and ensures regulatory frameworks are both appropriate and effectively implemented,' added Van Gils. South Africa ranked 60th out of 158 countries, 'indicating moderate resistance to illicit trade, but with notable vulnerabilities in areas such as supply chain control and enforcement' capacity. 'The country performs strongly in trade, customs, and borders, reflecting progress in cross-border enforcement and customs modernization. However, performance remains weak in supply chain intermediaries , criminal enablers and sectoral illicit trade, highlighting systemic gaps in oversight, regulation, and inter-agency coordination,' notes the report. TRACIT director general, Jeffrey Hardy, said that 'now is the time for bold policies and strong enforcement to dismantle illicit networks' in South Africa and across the world. 'South Africa stands at a crossroads,' said Hardy, noting the continued threat illicit trade posed to South Africa's economic recovery, public safety, and institutional integrity. 'Despite authorities' efforts a to address illegal trade, corruption, and money laundering, illicit trade remains deeply entrenched and highly damaging,' said Esteban Giudici, TRACIT director of programs. 'If left unchecked, it will continue to rob the government of vital revenues, distort legal markets, and deter both domestic and foreign investment.' Alongside other industry players, Philip Morris South Africa said it remained committed to playing its part in combating illicit trade through 'collaborating with law enforcement and customs agencies; investing in digital authentication and track-and-trace technologies; running consumer awareness campaigns on the dangers of illicit products and supporting regional cooperation' efforts. 'The TRACIT Index gives South Africa and other nations a playbook for action. We urge all stakeholders—public and private—to align, act, and protect our economies from the corrosive effects of illicit trade and corruption,' added Van Gils. BUSINESS REPORT
Business Standard
30-04-2025
- Business
- Business Standard
Over 400 Leaders from More Than 50 Countries/Territories Attend World Trade Centers Association's 55th Annual Global Business Forum in Marseille, France
NewsVoir Mumbai (Maharashtra) [India], April 30: World Trade Centers Association® (WTCA®) - an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries and territories - and World Trade Center Marseille Provence have successfully concluded the 55th annual WTCA Global Business Forum (GBF) in Marseille, France. The four-day event, which took place April 6-9, brought together WTCA members and their global networks, including leaders from business, government, academia, and international organizations. Each gleaned new insights on shifting global trade dynamics, cross-border real estate investments, the importance of Free Trade Zones (FTZs) and sustainability efforts. Over 400 attendees across more than 50 countries and territories, and nearly 120 WTC businesses, gathered to forge new global business connections, and to learn about specific opportunities in Marseille, a popular Mediterranean port city and the oldest city in France. With the theme, "Gateway to the Mediterranean," the Forum helped attendees amplify their businesses' growth and international reach, further elevating WTCA's core mission, "Connecting Businesses, Globally." The event included more than 20 workshops, plus various keynotes, panels, local company tours and over 500 business-to-business (B2B) meetings. In addition, GBF attendees learned more about the Marseille region's business climate, including: its strategic position as a gateway to Southern Europe, North Africa, and Middle Eastern markets; the city's wide range of thriving industries, from maritime and logistics, to digital technology and biotechnology; and its ongoing infrastructure investments. Select WTC businesses also participated in the "Connections Showcase" to formally acknowledge the meaningful connections and promising conversations initiated with those they met at the WTCA GBF. This year also marked WTCA's first dedicated Real Estate Summit during the GBF. During this portion of the event, global experts analyzed the state of commercial real estate, including its role in driving economic growth, and ways in which sustainable infrastructure and energy innovation continue to shape the future of developments. Additional topics of discussion included hyper-growth areas like data centers and logistics facilities. Amid shifting global policies and economic uncertainties, the WTCA network showcased at this year's Forum how it continues to be a vital and resilient force, fostering dialogue collaboration and trust across borders. Sessions held throughout the GBF focused on how the role of trade organizations is not only increasingly relevant, but is more indispensable than ever as businesses are actively seeking guidance, access and a global perspective. Leveraging its unparalleled global network, WTCA showcased how its members bridge market gaps and open doors to new business opportunities, while also elevating a city's global profile and connecting it to the world economy. To help in strategic business planning, WTCA's members around the world are able to provide on-the-ground information and valuable resources that can be shared throughout the network to create more cross-border connections. "Our annual Forum stands as a powerful reminder of what is possible when business leaders from around the world come together in the spirit of collaboration - and that's precisely where the WTCA network excels," said John E. Drew, Chair, WTCA Board of Directors. "In today's climate, WTCA remains committed to promoting free and fair trade, open markets and healthy competition. We believe these principles foster an environment that attracts investment, drives prosperity and fuels economic growth. Through our global network of independent WTC operations - built on trust and collaboration - we actively support these principles by facilitating international business connections and trade opportunities worldwide. This year's GBF showcased the real value of connection: forging strategic partnerships between our WTCA members and local/international business delegates; opening new pathways to trade; and reaffirming our shared commitment to free, fair, and open commerce. Together, we will continue to 'Keep Calm and Trade On.' We are thankful to WTC Marseille Provence for hosting such a wonderful event to demonstrate the power of our global network." Speaking during one GBF session titled "Global Outlook: Navigating Trade and Investment Trends in 2025," Angela Ellard, Deputy Director General of the World Trade Organization (WTO), outlined the intergovernmental organization's role in navigating new trade policies, including the implementation or threat of tariffs. Her advice for GBF attendees was to remain level-headed and to consider not just the immediate effects, but the broader, long-term effects on global stakeholders. Benoit Vincent, CEO of WTC Marseille Provence, also said of the event, "This year's GBF underscored the vital role the Marseille region plays in shaping the future of international trade - we offer a thriving environment for innovation, industry and global collaboration. In partnership with the International Chamber of Commerce and Industry (CCI Internationale) Provence Alpes Cote d'Azur, we united to host a B2B matchmaking platform that resulted in over 500 B2B meetings, connecting delegates from around the world with each other as well as with local Marseillaise companies. We are proud to have hosted an event that actually goes beyond dialogue - sparking real connections to catalyze regional and international business growth." The 2025 WTCA GBF concluded with a ceremonial announcement of next year's host during a Gala Dinner sponsored by Turkish Airlines. The 56th annual WTCA GBF is scheduled to take place in Philadelphia, USA from April 19-22, 2026, and will be hosted by WTC Greater Philadelphia.
Cision Canada
29-04-2025
- Business
- Cision Canada
Over 400 Leaders from More Than 50 Countries/Territories Attend World Trade Centers Association's 55th Annual Global Business Forum in Marseille, France
Hosted by World Trade Center Marseille Provence, WTCA's flagship event focused on navigating global trade and connecting leaders with international business opportunities NEW YORK, April 29, 2025 /CNW/ -- World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries and territories — and World Trade Center Marseille Provence have successfully concluded the 55 th annual WTCA Global Business Forum (GBF) in Marseille, France. The four-day event, which took place April 6-9, brought together WTCA members and their global networks, including leaders from business, government, academia, and international organizations. Each gleaned new insights on shifting global trade dynamics, cross-border real estate investments, the importance of Free Trade Zones (FTZs) and sustainability efforts. Over 400 attendees across more than 50 countries and territories, and nearly 120 WTC businesses, gathered to forge new global business connections, and to learn about specific opportunities in Marseille, a popular Mediterranean port city and the oldest city in France. With the theme, "Gateway to the Mediterranean," the Forum helped attendees amplify their businesses' growth and international reach, further elevating WTCA's core mission, "Connecting Businesses, Globally." The event included more than 20 workshops, plus various keynotes, panels, local company tours and over 500 business-to-business (B2B) meetings. In addition, GBF attendees learned more about the Marseille region's business climate, including: its strategic position as a gateway to Southern Europe, North Africa, and Middle Eastern markets; the city's wide range of thriving industries, from maritime and logistics, to digital technology and biotechnology; and its ongoing infrastructure investments. Select WTC businesses also participated in the "Connections Showcase" to formally acknowledge the meaningful connections and promising conversations initiated with those they met at the WTCA GBF. This year also marked WTCA's first dedicated Real Estate Summit during the GBF. During this portion of the event, global experts analyzed the state of commercial real estate, including its role in driving economic growth, and ways in which sustainable infrastructure and energy innovation continue to shape the future of developments. Additional topics of discussion included hyper-growth areas like data centers and logistics facilities. Amid shifting global policies and economic uncertainties, the WTCA network showcased at this year's Forum how it continues to be a vital and resilient force, fostering dialogue collaboration and trust across borders. Sessions held throughout the GBF focused on how the role of trade organizations is not only increasingly relevant, but is more indispensable than ever as businesses are actively seeking guidance, access and a global perspective. Leveraging its unparalleled global network, WTCA showcased how its members bridge market gaps and open doors to new business opportunities, while also elevating a city's global profile and connecting it to the world economy. To help in strategic business planning, WTCA's members around the world are able to provide on-the-ground information and valuable resources that can be shared throughout the network to create more cross-border connections. "Our annual Forum stands as a powerful reminder of what is possible when business leaders from around the world come together in the spirit of collaboration — and that's precisely where the WTCA network excels," said John E. Drew, Chair, WTCA Board of Directors. "In today's climate, WTCA remains committed to promoting free and fair trade, open markets and healthy competition. We believe these principles foster an environment that attracts investment, drives prosperity and fuels economic growth. Through our global network of independent WTC operations — built on trust and collaboration — we actively support these principles by facilitating international business connections and trade opportunities worldwide. This year's GBF showcased the real value of connection: forging strategic partnerships between our WTCA members and local/international business delegates; opening new pathways to trade; and reaffirming our shared commitment to free, fair, and open commerce. Together, we will continue to 'Keep Calm and Trade On.' We are thankful to WTC Marseille Provence for hosting such a wonderful event to demonstrate the power of our global network." Speaking during one GBF session titled "Global Outlook: Navigating Trade and Investment Trends in 2025,", Deputy Director General of the World Trade Organization (WTO), outlined the intergovernmental organization's role in navigating new trade policies, including the implementation or threat of tariffs. Her advice for GBF attendees was to remain level-headed and to consider not just the immediate effects, but the broader, long-term effects on global stakeholders. Benoit Vincent, CEO of WTC Marseille Provence, also said of the event: "This year's GBF underscored the vital role the Marseille region plays in shaping the future of international trade — we offer a thriving environment for innovation, industry and global collaboration. In partnership with the International Chamber of Commerce and Industry (CCI Internationale) Provence Alpes Côte d'Azur, we united to host a B2B matchmaking platform that resulted in over 500 B2B meetings, connecting delegates from around the world with each other as well as with local Marseillaise companies. We are proud to have hosted an event that actually goes beyond dialogue — sparking real connections to catalyze regional and international business growth." The 2025 WTCA GBF concluded with a ceremonial announcement of next year's host during a Gala Dinner sponsored by Turkish Airlines. The 56th annual WTCA GBF is scheduled to take place in Philadelphia, USA from April 19-22, 2026, and will be hosted by WTC Greater Philadelphia. MEDIA CONTACTS: World Trade Centers Association (WTCA) Chanelle Dimalanta Phone: +1 212 432 2644 Email: [email protected] Violet PR Kate Traina Phone: +1 908 967 2117 Email: [email protected] About World Trade Centers Association (WTCA) World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in nearly 100 countries and territories. As the owner of the "World Trade Center" and "WTC" trademarks, WTCA licenses exclusive rights to these brands for members to use in conjunction with their independently owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its members, the goal of WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe, creating an ecosystem built around commerce, community and connection. To learn more, visit About World Trade Center (WTC) Marseille Provence Established in 1984, World Trade Center (WTC) Marseille Provence stands out as a genuine emblem of the regional economy, to make it a decisive driver of the region's international dynamics and attractiveness. WTC Marseille Provence has evolved its offer to meet the entrepreneurs' expectations. Located in the heart of the city of Marseille and in the perimeter of Euroméditerranée, WTC Marseille Provence proposes exceptional places: business, convention centers and a corporate club, connected to the global World Trade Centers Association (WTCA) network. WTC Marseille Provence is a certified ISO 20121. To learn more, visit
