Each year the EU and the member states receive millions of euros through court settlement agreements struck with the four major tobacco companies. These include Philip Morris International (PMI), Japan Tobacco International (JTI), British American Tobacco (BAT) and Imperial Tobacco Limited (ITL). In return for dropped smuggling charges the four companies agreed to pay 2,15 billion USD between 2004-2030.
The main objective, though, with the agreements is to fight illicit trade in tobacco. According to EU Budget Commisisoner, Kristalina Georgieva, this goal has been achieved.
"There are some facts that are very clear: that the main objective of the PMI agreement - to reduce the presence of smuggled PMI products on the EU black market - has been achieved. Between 2006 and 2014 the volume of illegal PMI products seized by member states under the agreement dropped by 85 percent", Georgieva argued.
Euranet Plus has investigated this story and will publish a dossier in three parts until Thursday, June 25 . Get the first episode on Tuesday, June 23, on euranetplus-inside.eu.
Kristalina Georgieva arguing agreements to fight illicit trade in tobacco are working newspaper mockup
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Each year the EU and the member states receive millions of euros through court settlement agreements struck with the four major tobacco companies. These include Philip Morris International (PMI), Japan Tobacco International (JTI), British American Tobacco (BAT) and Imperial Tobacco Limited (ITL). In return for dropped smuggling charges the four companies agreed to pay 2,15 billion USD between 2004-2030.
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