The United Nations Convention for the Suppression of the Traffic in Persons and of the Exploitation of the Prostitution of Others (resolution 317(IV) of 2 December 1949) was adopted by the General Assembly on December 2, which is recognized as International Day for the Abolition of Slavery. This day is dedicated to ending modern-day slavery, including forced marriage, human trafficking, sexual exploitation, the worst types of child labor, and the forced recruitment of children for use in armed conflict. The International Labor Organization (ILO) estimates that there are currently 21 million victims of forced labor globally, which generates US$ 150 billion in annual illicit profits in the private economy.
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