Illicit trade is the production or distribution of a good or service that is considered illegal by a legislature.
[3][4][5] In 2013, the OECD launched a Task Force Countering on Illicit Trade,[6] which focuses on developing evidence-based research and coordinating international expertise in quantifying and mapping illicit markets.
One of the main focus of the event was to evaluate how illicit trade impacts negatively the Sustainable Development Goals.
[10] According to the Global Initiative Against Transnational Organized Crime and to Tradeslab, not only the World Trade Organization has rather limited tools to deal with illicit trade, but it may also limit the ability of states to combat it.
[13] The UNODC estimated in 2012 that the illicit trade activities of transnational organized crime have a combined annual value of $870 billion per year.