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'Tobacco industry profits USD 9k from every smoker's death'

Press Trust of India  |  Washington 

The world's biggest companies make a profit equivalent to USD 9,730 for the death of each smoker, claims a report which found that the industry is increasingly profiting from vulnerable populations of countries in Africa, Asia, and the The Atlas report, by (ACS) and US-based non-profit Vital Strategies, details the scale of the epidemic around the globe. It shows where progress has been made in control, and describes the latest products and tactics being deployed by the industry to grow its profits and delay or derail control efforts. In 2016 alone, use caused over 7.1 million deaths worldwide.

Most of these deaths were attributable to cigarette smoking, while 884,000 were related to secondhand smoke. The increase in and death has been outpaced by the increase in industry profits. The combined profits of the world's biggest companies exceeded USD 62.27 billion in 2015, the last year on record for all the major companies. This is equivalent to USD 9,730 for the death of each smoker, an increase of 39 per cent since the last Atlas was published, when the figure stood at USD 7,000. "Every death from is preventable, and every government has the power reduce the human and economic toll of the epidemic," said Jeffrey Drope, of The Atlas. "It starts by resisting the influence of the industry and implementing proven control policies. The Atlas shows that progress is possible in every region of the world," said Drope, Vice President, at the "African countries in particular are at a critical point - both because they are targets of the industry but also because many have opportunity to strengthen policies and act before smoking is at epidemic levels," he said. "causes harm at every stage of its life cycle, from cultivation to disposal," said Neil Schluger, Vital Strategies' "At a conservative estimate, there are more than 7 million tobacco-related deaths and global economic costs of two trillion dollars (PPP) each year, not including costs such as those caused by second-hand smoke and the environmental and health damages of farming," said Schluger. use and exposure to secondhand smoke costs the global economy more than two trillion dollars every year - equivalent to almost two per cent of the world's total economic output. More than 1.1 billion people are current smokers, while 360 million people use smokeless Low and middle income countries represent over 80 per cent of users and tobacco-related deaths, placing an increased share of tobacco-related costs on those who can least afford it. The report shows that the industry deliberately targets countries that lack control laws and exploits governments, farmers and vulnerable populations across In alone, consumption increased by 52 per cent between 1980 and 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 16:15 IST