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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.