MANILA, Philippines — The Philippines ranked fifth among Asean countries in the Illicit Trade Index, according to a report released on Tuesday.
The country scored 51.1 out of 100, above the Asean average of 49.7.
It performed best in taxation and economic environment (65.6) and worst in sectoral Indicators of illicit trade (31.2).
The report said the score is supported by relatively strong regulatory institutions and some established customs tools.
Meanwhile, the main pressures come from criminal activity, supply chain control gaps, and the continued growth of illicit markets in several sectors.
