The International Day for the Abolition of Slavery was observed on December 2, 2015. As per the International Labour Organisation (ILO), there are an estimated 21 million forced labour victims worldwide, annually creating $150 billion in illegal profits in the private economy.ILO has adopted a new legally-binding protocol to eliminate forced labour, which will be implemented in November 2016. The '50 for Freedom' campaign has been initiated to persuade at least 50 countries to ratify the Forced Labour Protocol by 2018.
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