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Illicit trade is the production or distribution of a good or service that is considered illegal by a legislature. [1] It includes trade that is strictly illegal in different jurisdictions, as well as trade that is illegal in some jurisdictions but legal in others. [2] Illicit trade can occur either in black markets or in
The illegal drug trade, drug trafficking, or narcotrafficking is a global black market dedicated to the cultivation, manufacture, distribution and sale of prohibited drugs. Most jurisdictions prohibit trade, except under license, of many types of drugs through the use of drug prohibition laws.
Illegally trafficked small arms and light weapons captured by the United States Fifth Fleet, May 2021. Arms trafficking or gunrunning is the illicit trade of contraband small arms, explosives, and ammunition, which constitutes part of a broad range of illegal activities often associated with transnational criminal organizations.
As a result, illegal trade through customs stations is differently considered, and smuggling is defined as international trade through 'unauthorized route'. [ 55 ] [ citation needed ] A seaport, airport or land port which has not been authorized by the government for importation and exportation is an 'unauthorized route'.
The US federal government is an opponent of the illegal drug trade; however, state laws vary greatly and in some cases contradict federal laws. The Organization of American States estimated that the revenue for cocaine sales in the US was $34 billion in 2013.
The United Nations Conference on the Illicit Trade in Small Arms and Light Weapons in All Its Aspects was held in New York City from 9–20 July 2001 as decided in United Nations General Assembly Resolution 54/54 V. Preceded by three preparatory committee sessions, the two-week Conference resulted in the adoption of the 'Programme of Action to ...
Trade credit is an arrangement that allows a business to acquire goods or services from another business without making immediate payment. Trade credit is essentially a short-term loan without ...
Panamanian leader Manuel Noriega, following his arrest by U.S. authorities. Narco-state (also narco-capitalism or narco-economy) [a] is a political and economic term applied to countries where all legitimate institutions become penetrated by the power and wealth of the illegal drug trade. [2]