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UK-CPTPP deal to axe 80% whisky tariff
Originally posted by www.thespiritsbusiness.com – Written by: Nicola Carruthers – The UK has agreed to join a trade bloc of 11 countries, which will remove the 80% tariff on whisky exports to Malaysia.
Distell doubles profits as whisky sales defy Covid
Originally posted by www.thetimes.co.uk – Written by: Greig Cameron, Scottish Business Editor – Annual profits doubled for the owner of the Bunnahabhain single malt Scotch whisky, despite Covid restrictions during the period.
UK-India FTA could double size of Scotch
Originally posted by www.thespiritsbusiness.com – Written by: Nicola Carruthers – The CEO of Chivas Brothers has said the forthcoming UK-India trade deal could double the size of the Scotch whisky market in five years.
Scotch whisky exports hit record £6 billion in 2022
Originally Posted By www.thedrinksbusiness.com By: Eloise Feilden – In 2022, the value of Scotch whisky exports was up 37% by value to £6.2bn, despite economic headwinds, according to figures released today by the Scotch Whisky Association (SWA).
How to Invest in Whiskey
Originally Posted By www.nasdaq.com By: Eric Reed for SmartAsset – Whiskey isn’t just a beloved spirit and cultural institution. It can also be a profitable investment. Just like wine, the culture and market around whiskey have made it a valuable product.
‘Win-win’ for Scotch whisky industry as UK Government extends alcohol duty freeze
Originally Posted By www.scottishdailyexpress.co.uk By: John Glover – With the biggest changes to the UK’s alcohol duty system in 140 years expected next year, the Treasury has said there will be no changes to the current rates until August 2023 at the earliest.
Whisky imports up 62%, projected to be popular next year and beyond
Originally Posted By www.kedglobal.com By: Kyeong-je Han – As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same period last year.
Rare whisky value up by 21%
Originally Posted By www.thespiritsbusiness.com By: Nicola Carruthers – The value of rare single Scotch malt whisky increased by 21% in the first nine months of 2022, led by bottles priced between £100 and £1,000, according to a new report.
‘Whisky must no longer be a man’s world’
Originally Posted By www.bbc.co.uk By: Magnus Bennett, BBC Scotland News – Having launched a social media campaign in 2018 to challenge “stereotypical perceptions” around who makes and drinks whisky, she has created a non-profit organisation called OurWhisky Foundation to “support and empower” women in the industry.
Whisky exports soar as UK economy stumbles
Originally Posted By www.telegraphindia.com By: Jenny Gross – Volume of exports from Britain has grown over past two years, including a 10.5 per cent increase during 12 months ending in July.