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Affichage des articles dont le libellé est Counterfeit. Afficher tous les articles
Affichage des articles dont le libellé est Counterfeit. Afficher tous les articles

lundi 5 octobre 2015

Cameroon: The economy plumed by tobacco clandestine businesses



Counterfeit, illicit habits, false brands and low cost:cigarette traffic explodes, boosted by the cruel appetite of the tobacco industry. A parallel market which contributes to the fortune of mafia groups.
Yaounde urban council, the sky is obscure and the air is fresh, Robert in his twenties stops by a shopon the public path. In this shop, he does his credit transfer and buys a packet of cigarette. The park given to him carries no fiscal stamp, but for Robert, only his toxic dosage matters. Like Robert, many other tobacco users buy counterfeited products regularly.
Indeed, for the past two weeks, retail stands have been overwhelmed by counterfeited cigarettes and low cost brands, not respecting the regulating laws in Cameroon. This rise in counterfeit and illicit behavior activities around tobacco products is not without consequences on the economy.
According to a research conducted by the ‘Groupement Inter-Patronal du Cameroun’ (GICAM), almost 29% of cigarette sales emanates from counterfeit sources. The same study reveals that tax loses and customs loses related to illicit trade of tobacco amounts to almost 4 Billion Fcfa for the year 2006.