Japan Tobacco Company signed an agreement with the European Union for 15 years to combat the smuggling of tobacco products. As part of this Agreement, Japan Tobacco must pay $ 400 million in the EU for a break in the tobacco trade. In turn, the EU countries to abandon any claims to Japanese companies. The agreement was signed by Britain, which is designed to continue the investigation breaks committed Japan Tobacco.
Furthermore, according to the document, the Japanese company should take measures to combat the smuggling of tobacco products and the production of counterfeit cigarette production. Net profit of the third tobacco company in the world Japan Tobacco inc. first half of 2007-2008 decreased by 25,3%. Operational profit of cigarettes in the first half of 2007-2008 decreased by 10,4% and amounted to $ 928 million compared with $ 1.03 billion received in the first half of 2006-2007.
Japan Tobacco is the third of a cigarette company in the world. It was founded in 1898. Japan Tobacco produces such popular cigarette brands as Mild Seven, and also has the right to sell cigarettes Camel, Winston and Salem outside the United States. 50% of shares owned by JT the Government of Japan.
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