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
Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path.
comments powered by Disqus
RELATED NEWS
Trade PM now with 
Follow RTT