Illegal Disposable Vapes Threaten Philippine Tobacco Industry

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 94%

Business Nouvelles

Illegal Disposable Vapes,Philippine Tobacco Industry,Decline In Demand

The proliferation of illegal disposable vapes in the Philippines is causing a decline in demand for tobacco-based products, negatively impacting the local tobacco industry and leaving farmers with a shrinking market base.

A display of disposable vape electronic cigarettes are seen in a shop in Liverpool, north-west England, on July 15, 2023.MANILA, Philippines — The proliferation of illegal, disposable vapes is reportedly killing the local tobacco industry as it reduces demand for tobacco-based products, leaving farmers with a shrinking market base.

PTGA president Saturnino Distor pointed out that reduced demand for legal, tax-paid locally produced cigarettes would mean lower financial support for the tobacco industry from local government units that utilize the excise taxes collected on tobacco products. “We need the help of the government to stop this ‘vapedemic’ and save the local tobacco industry,” Distor added.

However, NAFTAC chairman Bernard Vicente said the same law is “now being abused by unscrupulous businessmen who are blatantly smuggling and distributing illegal vapes.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Company faces tax charges over mis-declared vapes—House panelDefining the News
La source: MlaStandard - 🏆 20. / 55 Lire la suite »