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Daily News on Vape Industry March 11th, 2024

  1. In December 2023, China exported US$5.69 million of vapes to Ireland, a month-on-month decrease of 1.24% and a year-on-year decrease of 12.12%; the export volume was approximately 141 tons, a month-on-month decrease of 3.22% and a year-on-year decrease of 0.05%.


  1. The Colombian House of Representatives finally passed the vapebill, an initiative that clarifies restrictions on vape related advertising and specific locations. The bill is currently in mediation for submission to the President for approval.


  1. Russian Prime Minister Mikhail Mishustin has signed a decree expanding the scope of labeling of tobacco products. Under the decree, all raw materials used in the manufacture of tobacco and nicotine-containing products must be labeled. The move will generate approximately $2.7 billion in additional revenue for the state.


  1. The chairs of five major U.S. Senate committees warned the CEOs of major convenience stores and wholesalers to stop selling illegal flavored vapes, calling them a public health threat. In addition to Mr. Durbin, the letter was signed by Oregon Democrat Ron Wyden, Vermont independent Bernie Sanders, Ohio Democrat Sherrod Brown and Connecticut Democrat Richard · Blumenthal.


  1. In the UK, a similar result can easily be imagined, with more than half of English smokers mistakenly believing that vapesare more or equally harmful than smoking, and some may switch back to their original cigarettes. The UK has become the second largest illegal vapemarket after the United States.


  1. Cargolux announced that it would stop transporting disposable vapes. The person in charge of the company expressed the hope that this would help reduce the supply of such products on the market and encourage other logistics companies to follow suit. According to its official website, Cargolux is the largest all-cargo airline in Europe.


  1. The British government’s new vapetax policy may boost the development of British American Tobacco and Imperial Tobacco. After October 2026, e-cigarettes will become the main tax targets, based on nicotine content, combined with a value-added tax of 1-3 pounds per 10ml.