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Daily News on Vape Industry March 15th, 2024

  1. In December 2023, China’s vapeexports to Kuwait were approximately US$5.86 million, a month-on-month increase of 16.76%, and a year-on-year decrease of 0.96%; the export volume was approximately 122 tons, a month-on-month increase of 13.77%, and a year-on-year increase of 12.06%.


  1. British American Tobacco has sold its 3.5% stake in Indian Tobacco Company (ITC) for a total transaction of approximately US$2.11 billion. Nonetheless, British American Tobacco retained its 25.5% stake.


  1. The Senate of Kazakhstan has returned a bill involving adjustments to health care to the parliament. The bill is highly controversial and includes a provision banning the import, production, sale and dissemination of vapesin Kazakhstan.


  1. The Finnish government will bring nicotine bags into the scope of tobacco legal supervision, limit their content and flavors, ban online sales, and require retailers to obtain sales licenses to protect the health of teenagers.


  1. The Spanish government wants to further restrict tobacco use in public and private places and has announced an “innovative law” with the goal of “enabling non-smokers to live in a smoke-free environment.”


  1. The Seoul Central District Court in South Korea ruled that the presence of health hazard warning pictures on vapepackages did not violate the law and denied the plaintiff’s claim.