New Market Report: Cigarettes in Venezuela
From 2008, demand for cigarettes witnessed a decline as the result of the implementation of several anti-smoking measures which were adopted over a shorter period than that taken by other Latin American countries. For instance, at the end of 2007 ad valorem tax on cigarettes increased from 50% to 70%, leading to a volume decline of 9% over 2008. In May 2011, a smoking ban was implemented in public places which declared all public places and workplaces as smoke-free. Such...
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