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.
Oamaru Gets Its First Distillery
After a certain amount of uncertainty as to where to open, a New Zealand whisky company has finally decided to build their $3 million distillery in Oamaru.Read More
China Distribution Fillip for Scotch Major
A Scottish distiller has secured a major distribution deal with a Chinese corporation, in an effort to increase sales in the country.Read More
David Cameron’s Father-in-Law Set to Open New Distillery
In a recent announcement, William Waldorf Astor III, better known as David Cameron’s father-in-law and Samantha Cameron’s mother Viscountess Annabel Astor’s second husband, has approached the Intellectual Property Office (IPO) and the Argyle (now Argyll) and Bute Council to set up a distillery in the Isle of Jura.Read More