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• Philip Morris to help curb cigarette smuggling in Lebanon 

Lebanon signed a memorandum of understanding on Wednesday with the giant tobacco company Philip Morris to help end tobacco and cigarette smuggling into the country.

Philip Morris plans to train the Lebanese Regie company, a government controlled entity which hold a monopoly in the production of tobacco and import of cigarettes, to detect counterfeited cigarettes.

Finance Minister Jihad Azour said the agreement with Philip Morris will boost the confidence of companies in Lebanon and turn the country into a regional business hub.

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