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.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Belgium Calls for EU-Wide Limits on Vape Ingredients and Ban on Disposable E-Cigarettes
Belgium Calls for EU-Wide Limits on Vape Ingredients and Ban on Disposable E-Cigarettes
Belgian Health Minister Frank Vandenbroucke has called on the European Union to take stronger action on vaping, saying it is becoming an “epidemic” and accusing the industry of targeting young people.
Mar.26 by 2FIRSTS.ai
STMA Issues Trial Credit Management Rules for E-Cigarette Manufacturers and Wholesalers
STMA Issues Trial Credit Management Rules for E-Cigarette Manufacturers and Wholesalers
Mar.26 by 2FIRSTS.ai
BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business
BAT faces London shareholder lawsuit over alleged disclosure failures tied to North Korea business
British American Tobacco is facing a shareholder lawsuit in London alleging it failed to properly disclose to markets information about breaches of U.S. sanctions linked to its North Korea-related business. BAT agreed in 2023 to pay more than $635 million to U.S. authorities after a subsidiary admitted conspiring to violate U.S. sanctions by selling tobacco products to North Korea and committing bank fraud from 2007 to 2017.
Mar.05 by 2FIRSTS.ai
Geekvape Launches New E-cigarette "KLOUD" with Unique Oil Refill and Cartridge Swapping Features
Geekvape Launches New E-cigarette "KLOUD" with Unique Oil Refill and Cartridge Swapping Features
GEEKVAPE launches new e-cigarette KLOUD, featuring hybrid design for oil filling and cartridge swapping, priced at $7.49.
Apr.01 by 2FIRSTS.ai
Indonesian Parliament Reviews Narcotics Law Draft, May Include Vape Ban Proposal
Indonesian Parliament Reviews Narcotics Law Draft, May Include Vape Ban Proposal
According to Beritasatu, Commission III of the Indonesian House of Representatives is reviewing the Draft Law on Narcotics and Psychotropics and considering including a proposal from the National Narcotics Agency (BNN) to ban vapes.
Apr.10 by 2FIRSTS.ai
PMI U.S. to Invest About USD 50 Million in New Business Solutions Center in Tampa
PMI U.S. to Invest About USD 50 Million in New Business Solutions Center in Tampa
On March 17, PMI U.S. announced an investment of about USD 50 million in a new Business Solutions Center in Tampa, Florida. The center is expected to create about 180 direct and indirect high-skilled jobs and will consolidate business solutions, distribution operations and customer service into one hub.
Mar.18 by 2FIRSTS.ai