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Philip Morris International Inc. (NYSE:PM) Welcomes Remarkable Interest For PMI IMPACT

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Philip Morris International Inc. (NYSE:PM) reported that PMI IMPACT, its international initiative to boost third party projects committed to combating illegal trade and related crimes, obtained 157 expressions of interest for its next funding round.

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The applications come from different government agencies, private companies, not-for-profit organizations and public universities across 56 nations in Asia, Latin America, Africa, the EU, Eastern Europe, Middle East, and the U.S. Navi Pillay expressed that the Expert Council is thrilled by the substantial count of responses to their invitation for interest expressions in fighting illicit trade in all its forms. It is rewarding to get such sustained support for the measure taken by PMI IMPACT to collect all relevant stakeholders to associate together. They will be assessing the applications and will select the successful candidates shortly.

The next funding round of “PMI IMPACT” focuses on assignments that will tackle converging types of illegal trade like human trafficking, the counterfeiting and smuggling of goods, and the trade in arms, wildlife and drugs. This round also checks the interlinks of illicit trade with linked crimes, including money laundering, corruption and organized criminal networks.

Alvise Giustiniani, the VP Illicit Trade Strategies & Prevention at Philip Morris, expressed that they would like to appreciate applicants for their proposals. They expect that PMI IMPACT will be an international enabler for unique projects against illicit trade, and they are thrilled to witness this measure evolve and materialize year after year.

Following the assessment of the expressions of interest, chosen applicants will be invited to present their full project proposals next year for further assessment and final list by the PMI IMPACT Expert Council. It is a body of external independent professionals in the fields of anti-corruption, law, law enforcement and human rights.

In the last trading session, the stock price of Philip Morris gained 0.75% to close the day at $105.46.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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