YR 5 Billion Loss as a Result of Tobacco Smuggling [Archives:1999/30/Local News]

Yemen lost about YR 5 billion so far due to tobacco smuggling. The number is further growing and has reached an increase of 20-28% this year. The government’s inability to prevent smuggling is costing the country a lot, and it will further harm the economy, unless something is done about it. The consumption tax revenue and the customs sector was losing YR 250 million, in customs duties on tobacco imports. The National Tobacco and Matches Company admits this development and claims that the company had lost YR 2 billion, in sales from 1994 to 1998. Smuggling is expected to weaken the economy even further if certain measures to stop it will not be implemented in the near future.
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