Call for “zero tariff” Brexit Scotch Whisky deal

Post Brexit, Whisky leaders are pushing for zero tariffs on the sale of Scotch in European markets.

In fact Scotch Whisky Association (SWA) have put forward a set of negotiations and chief executive Karen Betts felt that this is the minimum the government should deliver. Almost a third of whisky is exported to Europe every year, which already happens to be a mature market. The association is also targeting good sales in other overseas markets provided the government issues favourable terms in trading deals with 24 countries outside Europe. 

 The past two decades have seen Scotch whisky exports doubling in terms of value with a total sales of around £4.4 billion around 180 countries across the globe. However, the association feels that the business should continue its upward growth trajectory and the government should also cooperate to ensure that the trade with Europe continues seamlessly.     

 Apart from agreement on zero tariffs, a minimum of regulatory divergence and mutual recognition of geographical indications are some of the other demands that the Association will put forward to the government. The sector also needs proper attention when it comes to non-EU markets and the trade deals in UK should support that. While Europe has trade deals in place with more than 100 countries, 24 of these - including South Korea and Colombia are extremely important for the industry.

 The Association wants the government to have similar agreements with those 24 countries so that hassle free export can take place without extra cost and complication.

Favourable trade deals with emerging economies such as India, China and Brazil can boost industry growth significantly. The number of Scotch whisky connoisseurs are growing at a rapid rate in this part of the world and the Association plans to tap these markets aggressively.

Source link: https://www.insider.co.uk/news/scotch-whisky-association-zero-tariffs-12472013

 

Whisky News source date: 
Thursday, May 24, 2018

Share

Real Ale Introduces Whiskey And Gin

Real Spirits Distilling Co., an extension of Branco’s Real Ale Brewing, has made a debut by unveiling two new expressions of whiskey and a gin. The whiskeys, namely Texas Hill Country Single Barrel Whiskey and Texas Hill Country Signature Whiskey, have been either blended or taken from a barrel of nonage statement whiskey, roughly two years old. The ‘Grain to Glass Gin’ on the other hand, has been made from a blend of botanicals, exclusively sourced from Texas. Real Spirits has emphasized the weather and vegetation of Hill Country to develop a Texas terroir for both the offerings.

Read More

The Marque Glenfiddich 50 Up For Grabs Again

Would you like to acquire one of the most luxurious single malts in the world? Well you heard that right. The luxurious Glenfiddich 50 Year Old is out in the market again. Only a few bottles of this extremely precious and scarce indulgence can be spotted at some of the most high-end hotel properties in US.

Read More

Paternal Pours: Lidl's Father's Day Whisky Collection

What a great time to be alive for all whisky enthusiasts. Lidl has strategically launched a new range of whisky just before Father’s day. Father's Day is a celebration of fatherhood. And what could possibly be a better way to do so than with fine bottles of the latest Ben Bracken whiskies. With the Speyside single malt Scotch whisky, the Islay single malt Scotch and the Highland single malt under its belt, Lidl is all set out to win hearts this Father’s day.

Read More