logo
Share SHARE
FONT-SIZE Plus   Neg

Philip Morris Says New Zealand Govt. Recognizes Issues On Standardized Packaging

Cigarettes maker Philip Morris International, Inc. (PM), Tuesday, said the announcement of New Zealand government on standardized packaging recognizes the significant international trade issues.

According to the company, New Zealand's Health Minister Tariana Turia has said that "the Government will wait and see what happens with Australia's legal cases, making it a possibility that if necessary, enactment of New Zealand legislation and/or regulations could be delayed pending those outcomes."

The company further added that while there is no credible evidence that standardized packaging will lower smoking rates, strong evidence exists that it will jeopardize jobs, benefit the black market for cigarettes, and is a breach of international trade rules that have already made Australia's policy subject to WTO action.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S. PayPal has agreed to buy Xoom, a digital money transfer provider, for $890 million in cash. Following the announcement, Xoom shares jumped 22 percent in after-hours trade on the Nasdaq.
comments powered by Disqus
Follow RTT