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.
Spirits of Islay in the states: Port Askaig Set for Release in US
This week brings good tidings for all single malt lovers in the US. Port Askaig is set to release their elegant single malt in the states. This is great news especially for peaty whiskey lovers as the first in the line of whiskeys to be released is the Port Askaig 110° Proof.Read More
Whiskey Women by Fred Minnick
Whiskey, conventionally perceived to be a man’s drink, surprisingly shares a long association with femininity. Women have always enjoyed whiskey as true connoisseurs and served as active contributors in all circles of a distillery-- working in the roles of owners, distillers and bottling plant managers. Quite sadly though, their feats have remained largely unnoticed amidst a horde of ad-campaigns and a subtly biased pop culture aggressively portraying whiskey as a male-centric drink for decades.Read More
Bacardi Launches Global Whisky Collection In India
In an attempt to boost growth and improve market share, Cuban rum maker Bacardi has introduced its portfolio of global whiskies in India. Bacardi India, which mainly sells varieties of Bacardi rum and Bacardi Breezer, has introduced new premium-quality variants of its Dewar’s whisky in India.Read More