Boycott
Updates
July 6, 2004
Nestle
Flounders in India
Nestle's worst fears about profits
in the world's second most populated country appear to be coming true. India
represents a huge market for the company because of the sheer amount of
infants that are born there each year. As such, the corporation was very
nervous when the Indian government announced in the late 1990s that it planned
to implement the International Code of Marketing of Breast-milk Substitutes in
national legislation. Nestle took legal action against the government, and
stalled the legislation in the courts for years while the copmany continued to
immorally market infant formula to Indians. Recently, the legislation was
passed and the International Code became law. This means that there is now a
wide-ranging ban on the advertisement and promotion of infant foods. Analysts
are predicting Nestle India's stock will begin to slide, as the company
struggles to find alternate means of promotion. Good news for Indian
children.
In other news, the Chief Executive
Officer of Nestle, Pere Brabeck-Letmathe, was recently named Europe's fifth
most powerful businessman. Given the amount of wealth in Europe, this is a
stunning statistic which shows how massive the company really has become.
*****Nestle Boycott Action
Kit*****
The Action Kit is now available from
INFACT Canada for $15. It is our latest resource and is filled with
information and tools to help promote the boycott, including fact sheets about
the company and the campaign, petitions, boycott stickers and educational
flyers. To order visit
order online or email
ben@infactcanada.ca.
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