08 Nov 2012
These Parties are expected to adopt guidelines on implementing tobacco taxes. It is widely accepted that increasing tobacco prices is the most effective measure that governments can take to curb tobacco use, and raising taxes is a step that can be implemented repeatedly.
By curbing tobacco use, taxes reduce tobacco-related death and injury, while also raising much-needed revenue for governments. Despite these positive results, many Parties have been slow to increase tobacco taxes for a variety of reasons, including pressure from the tobacco industry, which constantly raises the spectre that higher taxes will result in more smuggling.
“Large tobacco tax increases are imperative if the countries of the world wish to bring the tobacco epidemic under control in coming years,” said FCA Director Laurent Huber at a press conference in Seoul today.