Venezuela's cigarette industry fights a battle against smuggling | Video

Caracas/Maracaibo, Mar 27 (EFE) - The cigarette industry in Venezuela, together with the authorities, is fighting a battle against smuggling, its main competitor, which reached a maximum of 44% of the national market a year ago, according to independent estimates, with repercussions for companies and state revenues.

CAMERA: IVÁN CÁRDENAS.

FOOTAGE: STATEMENTS BY BIGOTT'S CORPORATE AFFAIRS DIRECTOR, MIGUEL ÁNGEL BENZO.

TRANSLATION:

It is the main competitor and not only in Venezuela, it is the main competitor of the tobacco industry in many countries. Generally you see that a legal company is in first place and many times who is in second place, as in this case, is the illicit one.

Translated with www.DeepL.com/Translator (free version)

Metadata

Date: 27/03/2024 13:56 (UTC)
Credit: EFE
Source: EFE
Topic: Economy, business and finance
Type: Rough cut
Duration: 19 seconds
Reference: 55013229510
Relevance: Normal