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Tobacco smuggling in 2006 cost nations $40 billion 

Jump to full article: Cambodian Times, 2007-07-02
Author: Cambodian Times Monday 2nd July, 2007 (IANS)

Intro:

The illicit trade in tobacco last year cost governments $40 billion in lost tax revenues and amounted to 10.7 percent of the world trade in cigarettes, experts told a global health conference here Monday.

'Smuggled and counterfeit cigarettes are sold at lower prices than legal products, contributing to higher consumption and greater rates of smoking-related illness and death,' said Luk Joossens, senior policy advisor of the Framework Convention Alliance (FCA), in his opening address to a global conference on tobacco-related issues.

'The illicit tobacco trade also deprives governments of billions of dollars of tax revenue reducing funding available for public health and other programmes,' said Joossens.

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