Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EU proposes ban on flavoured heated tobacco products

Published 29/06/2022, 12:42
© Reuters. FILE PHOTO: European Commissioner for Health and Food Safety Stella Kyriakides delivers a speech on the EU's Role in Combatting the coronavirus disease (COVID-19) Pandemic and How to Vaccinate the World, at the European Parliament in Strasbourg, France, N
FTNMX451030
-

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to ban the sale in the EU of flavoured heated tobacco products after a big rise in their consumption.

"By removing flavoured heated tobacco from the market we are taking yet another step towards realising our vision under Europe's Beating Cancer Plan to create a "Tobacco Free Generation" with less than 5% of the population using tobacco by 2040," EU health commissioner Stella Kyriakides said in a statement.

The proposed ban would be in force if EU governments and EU lawmakers do not oppose it. Even if approved EU-wide, governments will have months to adapt their legislation to the possible change before it is effective on their territories.

The move comes after the Commission estimated a 10% rise in the sales volumes of heated tobacco products in half a dozen EU countries, helping heated tobacco products to exceed 2.5% of total sales of tobacco products in the EU, the EU executive said.

© Reuters. FILE PHOTO: European Commissioner for Health and Food Safety Stella Kyriakides delivers a speech on the EU's Role in Combatting the coronavirus disease (COVID-19) Pandemic and How to Vaccinate the World, at the European Parliament in Strasbourg, France, November 24, 2021. Julien Warnand

Heated tobacco is an alternative to smoking which uses real tobacco. That is different from e-cigarettes which contain no tobacco and use liquids.

Philip Morris (NYSE:PM) International has the biggest share of the heated tobacco market, according to the University of Bath.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.