Connect with us

Hi, what are you looking for?

Jewish Business News

Leadership

Billionaires Michael Bloomberg, Bill Gates, Boost Fight to Drive Cigarettes Out of Poor Countries

Tobacco use kills more than 5 million people each year, according to the World Health Organization, and some 80 percent of the world’s 1 billion smokers live in low- to middle-income countries.

Michael Bloomberg,   Bill Gates,

Former New York Mayor Michael Bloomberg and Microsoft Corp. co-founder Bill Gates have created a new fund to support the efforts of poor countries to fight legal battles against tobacco companies, AP reported.

The new fund will be administered by the Campaign for Tobacco-Free Kids.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Tobacco use kills more than 5 million people each year, according to the World Health Organization, and some 80 percent of the world’s 1 billion smokers live in low- to middle-income countries.

The Anti-Tobacco Trade Litigation Fund received $4 million from Bloomberg Philanthropies and the Bill & Melinda Gates Foundation, it was announced Wednesday at the 16th World Conference on Tobacco or Health in Abu Dhabi, United Arab Emirates.

The fund will continue to grow as new donors come on board, and paid efforts will be combined with pro bono contributions from lawyers and experts.

Poor and less poor countries, like Uruguay and Australia, have been doing war with the tobacco companies, most notably Philip Morris International, over their attempts to legally require graphic health warning labels on cigarette packages, or using blank packaging, without logos.

Tobacco companies claim these policies violate international trade agreements and World Trade Organization rules.

“We think most of these countries will win these battles but they have to be able to afford some lawyers that have experience in litigating to win, ” Bloomberg told reporters. “We don’t think a government should have to choose between investing in its peoples’ future or fighting lawsuits and we think with the right resources they can do both.”

The new fund is part of Bloomberg Philanthropies’ $600 million commitment to fighting tobacco use worldwide since 2007, helping government design and impose tobacco-control policies—increasing taxes, creating smoke-free public places and banning tobacco advertising.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.