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jl999 gaming Tobacco industry regulator ups fight vs illegal trade with int’l summit
Updated:2025-01-28 05:18 Views:180
The National Tobacco Administration kicks off its International Tobacco Summit at Seda Vertis North Hotel in Quezon City on Monday, January 27, 2025. Jown Manalo/INQUIRER.net
MANILA, Philippines — The National Tobacco Administration (NTA) is hoping to boost the fight against the illegal trade of the crop as it hosts an international industry summit in Quezon City.
The International Tobacco Summit kicked off Monday, January 27, at Seda Vertis North Hotel with the theme, “Advancing the Local Tobacco Industry and Combatting Illicit Trade.”
Article continues after this advertisementIn her opening speech, NTA Administrator Belinda Sanchez emphasized the conference’s goal of highlighting the tobacco industry’s economic significance, exploring growth opportunities, and strengthening partnerships to address the challenges of the illegal tobacco trade.
FEATURED STORIES BUSINESS BIZ BUZZ: AirAsia bets bigger on PH BUSINESS 2024 GDP growth pegged at 5.8% BUSINESS Athena sets up two more PH hubs“The increasing illicit trade in tobacco is a growing concern, undermining our efforts and threatening the livelihoods of countless individuals,” Sanchez said.
“We need a holistic approach to tackle this problem, one that addresses not just the symptoms but also the root causes. A multifaceted approach that combines regulation, education, and community engagement,” she added.
Article continues after this advertisementREAD: Tobacco packaging: Getting PH youth hooked on smoking, vaping
Article continues after this advertisementSanchez stressed how the illegal tobacco trade negatively affects the livelihoods of 2.2 million Filipinos, including more than 430,000 farmers, farm workers, and their families.
Article continues after this advertisementShe also explained the great impact of illicit tobacco sales on government revenues, which limits funding for essential public services.
“The continuing proliferation of illegal tobacco sales in the local market is causing a decline in government revenue. This reduction in funds limits the resources available for essential public services, particularly universal health care,” Sanchez noted.“Moreover, proceeds from illegal tobacco sales are often linked to organized crimes, further threatening national security,” she added.
Article continues after this advertisementREAD: NTA drones improve tobacco plantation mapping, monitoring
This year’s event marks the second international tobacco summit organized by the NTA.
Initially scheduled for October 23 to 24, 2024, the summit was postponed to January 27 to 28, 2025, due to inclement weather.
According to the NTA, the International Tobacco Summit’s opening day would focus on global trends, opportunities, and strategies to enhance the Philippine tobacco sector’s competitiveness in the global market.
“Reaching 4,000 stores is an incredible milestone that reflects the trust and loyalty we’ve earned from our customers over the years. It’s also a tribute to the hard work and dedication of our team” Philippine Seven Corp. (PSC) co-founder and chairman of the board Jose Pardo said in a statement Tuesday.
“Nearly 3 billion people and more than half of the world’s food production are now in areas where total water storage is projected to decline,” said the report by the Global Commission on the Economics of Water (GCEW).
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The summit also seeks to address policy gapsjl999 gaming, enforcement strategies, and potential collaborations with stakeholders, the tobacco industry regulator added.
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