Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

World Economic Forum and OAS leaders urge action to combat organised crime and illicit trade
Published on February 3, 2014 Email To Friend    Print Version

DAVOS, Switzerland -- Global leaders gathered at the World Economic Forum in Davos, Switzerland have issued a call for united actions to combat organised crime and illicit trade and announced the development of a global action plan to address the issue to be launched in 2015, a concern shared by the Organization of American States (OAS).

During a meeting of the Global Agenda Council on Illicit Trade and Organized Crime in Davos, the Chair of the Council and OAS Secretary for Multidimensional Security, Adam Blackwell, emphasized that “as we talk about furthering economic integration and prosperity, we must acknowledge the unfortunate evil twin of illicit trade and organized crime and develop concrete strategies to address it.”

At the conclusion of the four-day meeting, the Council, vice-chaired by Christina Bain and David Luna, agreed to move forward with the plan, which involves a public-private partnership and will be launched at the annual meeting in Davos in 2015.

The Organization of American States has long made combating transnational organized crime and the illicit trade associated with it a priority, as expressed by OAS secretary general, José Miguel Insulza, most recently in November at the Fourth Meeting of Ministers Responsible for Public Security in the Americas in Medellin, Colombia, where he urged member states to join together to fight transnational organized crime in a coordinated way.

The Inter-American system has a large network of institutions and conventions relating to the issue of organized crime and illicit trade including the Inter-American Drug Abuse Control Commission (CICAD); the Inter-American Committee against Terrorism (CICTE); MISPA itself; the Meeting of Ministers of Justice or Attorneys General of the Americas (REMJA); the Meeting of Ministers of Defense; the Follow-up Mechanism to the Inter-American Convention against Corruption (MESICIC); and CIFTA, in addition to programs of the Inter-American Development Bank (IDB), the Development Bank of Latin America (CAF), and the World Bank to support the security efforts of member states.

Illicit trade involves money, goods or value gained from illegal and generally unethical activities, including human trafficking, environmental crime, intellectual property infringements, smuggling of excisable goods, trade and illicit financial flow.

According to the WEF, the global value of illicit trade and transnational activities have been estimated at between 8% and 15% of global GDP, or a total of US$3 trillion compared with a legitimate global trade figure of about US$10 trillion-12 trillion. Beyond these numbers, illicit trade and organized crime are significant barriers to economic growth, individual and environmental prosperity, as well as corporate responsibility and individual values.
Reads: 10739

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Enter Code

Please note that, if you are using an AT&T domain email address, e.g.,,, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

The Caribbean Writer 2014

Other Headlines:

Regional Sports: