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SICPA congratulates the WHO and the 47 states party on the coming into force on 25 September 2018 of the Framework Convention on Tobacco Control (FCTC) Protocol to Eliminate Illicit Trade in Tobacco Products.
The fruit of many years of complex negotiation and debate, this landmark treaty sets out comprehensive provisions to tackle illicit trade in tobacco products, which is estimated to cost at least USD31 billion every year in lost tax revenues.
The Protocol notably requires states to implement track and trace systems as a tool to secure tobacco supply chains and combat fraud. It requires such systems to be under government control and not delegated to, or performed by, the tobacco industry.
SICPA has many years of experience as an independent provider of secure technology to Governments on different continents to control supply chains. The results of the independent monitoring and traceability solutions implemented by SICPA are proven and recognised by a number of international institutions.
SICPA is a trusted global provider of security inks as well as secured identification, traceability and authentication solutions, including evolving digital technologies such as blockchain. With high-technology security inks at the core of its expertise, the company protects the majority of the world’s banknotes, security and value documents, and a wide range of consumer and industrial products. It offers solutions and services ensuring product authentication, traceability and protection as well as tax reconciliation. www.sicpa.com