Kazakhstan's Economy Minister: Banning Vapes won't Have Great Economic Impact

Regulations by 2FIRSTS.ai
Dec.21.2023
Kazakhstan's Economy Minister: Banning Vapes won't Have Great Economic Impact
Kazakhstan's Economy Minister says banning e-cigarettes and disposable e-cigarettes will not greatly impact the country's economy.

According to a report by Kazakhstani media outlet Tengrinews.kz, Alibek Kuantyrov, the Minister of the National Economy of Kazakhstan, has stated that the country's economic revenue would not be significantly affected if e-cigarettes and disposable e-cigarettes were to be prohibited domestically.

 

Kuantilov stated that although he did not provide specific figures, he emphasized the need for a thorough analysis prior to implementing the ban.

 

He pointed out that the market size of e-cigarettes is not significant, but when implementing any ban, it is necessary to correctly assess the risks, which will have an impact not only on the economy but also on society as a whole. He warned that continuous bans on all products would encourage the development of smuggling activities, posing such risks.

 

He clearly pointed out that the public needs to distinguish between e-cigarettes and disposable e-cigarettes. Under the current regulations, purchasing e-cigarettes requires the presentation of identification cards and the payment of consumption taxes.

 

He stated that investors are willing to enter the market if it involves e-cigarettes, provided that the consumption tax is not as high as it is now.

 

However, we have also heeded the recommendations of members of parliament and the Ministry of Health, resulting in an increase in the corresponding consumption tax," stated Kuantirov.

 

He admitted that disposable e-cigarettes may pose health risks and expressed support for a ban, but also presented a dissenting view.

 

He said, "It is crucial to conduct proper analysis because on one hand, we need to safeguard public health, and on the other hand, we do not want to exacerbate the situation, making smuggling and the illegal sales of products the norm.

 

According to reports, Kazakhstan has been discussing a complete or partial ban on disposable e-cigarettes for several years. In October, the Speaker of the Parliament, Yeralan Koshanov, repeatedly urged the Ministry of Health to promptly make important decisions.

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.

Police Seek Public Help in Identifying Suspect of $4000 E-Cigarette Theft
Police Seek Public Help in Identifying Suspect of $4000 E-Cigarette Theft
Pennsylvania police seek public's help in identifying suspect involved in theft of $4,000 worth of e-cigarettes in Hazleton.
Regulations
Oct.09 by 2FIRSTS.ai
Santa Cruz Police Receives Funding to Combat Illegal Tobacco Sales
Santa Cruz Police Receives Funding to Combat Illegal Tobacco Sales
Santa Cruz Police Department receives over $250,000 to combat illegal tobacco and e-cigarette sales to minors in California.
Regulations
Feb.28 by 2FIRSTS.ai
ELFBAR's Lost Mary BM600 Disposables Recalled
ELFBAR's Lost Mary BM600 Disposables Recalled
ELFBAR's Lost Mary BM600 disposable vapes were recalled due to excessive oil content, as Booker notified retailers in the UK.
Mar.05 by 2FIRSTS.ai
The Growth of US E-cigarette Market in 2021-2027
The Growth of US E-cigarette Market in 2021-2027
The US e-cigarette market value is set to increase from 3.647 billion to 26.649 billion by 2027 with a compound annual growth rate of 39.3%.
Aug.30 by 2FIRSTS.ai
2Firsts Successfully Hosts PMTA (TPMF) Supply Chain Seminar, Empowering Exporters to Navigate Compliance
2Firsts Successfully Hosts PMTA (TPMF) Supply Chain Seminar, Empowering Exporters to Navigate Compliance
On November 28, 2Firsts successfully hosted the PMTAs (TPMF) Supply Chain Seminar in Shenzhen, blending both online and offline formats. The event attracted key suppliers from the e-cigarette, heated tobacco, and nicotine pouch industries, both within Guangdong Province and beyond. Echo Guo, co-founder and COO of 2Firsts, co-hosted the seminar alongside PMTA compliance expert Kurt Yang. Additionally, Tom Beaudet, CEO of the U.S.-based compliance firm Accorto, joined remotely to share his expert
Dec.02 by
Russian e-cigarette market enforces honest labeling policy
Russian e-cigarette market enforces honest labeling policy
Several disposable e-cigarette dealers in Russia are clearing stock due to new regulations requiring honest labeling.
Mar.23 by 2FIRSTS.ai