TOBACCO TRAVELER – UNITED STATES
November 1st, 2009
BY ANCA GURZU
The USA tobacco manufacturing (and leaf) industry has been facing tough times, with its habitual trade surplus dwindling to almost nothing. The USA's Tobacco Merchants Association (TMA) reported a US$603.7 million trading surplus at the end of 2008, which was 32.5% less than the 2007 surplus of US$894.3 million. And the most recent figures compiled by the TMA showed a dramatic decrease of the industry's trade surplus for the first eight months of 2009, down to just over US$6 million. This is 98.3% less compared to the same period in 2008. ...
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