Whisky news from the The Scotch Whisky Association
Scotch Whisky Association Welcomes Groundbreaking Trade Deal with Korea - 1st July, 2011
The Free Trade Agreement (FTA) between the European Union and South Korea which
comes into force today (1 July) is being heralded as a major milestone for the Scotch Whisky
The FTA is the most ambitious trade deal negotiated by the EU and the first with an Asian
country. Scotch Whisky is expected to be one of the biggest beneficiaries of the deal as it
eliminates Korea’s 20% import tariff on spirits. Scotch Whisky is the UK’s largest export to
Korea and it is by far the biggest imported spirits category in Korea.
The agreement also provides legal protection in Korea for products with “geographical
indications”, including Scotch Whisky, and it tackles a number of other barriers to trade.
Korea is currently the sixth largest export market by value and ninth by volume for Scotch
Whisky worldwide, with direct shipments from the UK alone totalling £153 million last year.
Martin Bell, Scotch Whisky Association Deputy Director - Asia Pacific and WTO, said:“Scotch Whisky is the UK’s single biggest export by value to Korea. Scotch is also the
European Union’s biggest wine and spirits export to the market. This deal will generate
significant benefits for the UK and EU economies.
“Despite Korea already being a key market for Scotch, its performance over the years has
been impeded by the high tariff and other trade barriers in a market where the domestic spirit,
soju, has a 97% market share. The FTA gives distillers a significant boost as they seek to
market their products to Korean consumers, who already have a taste for Scotch Whisky,
notably premium blends.”
While the agreement with South Korea is confirmation of progress being made on the
international trade agenda, the SWA said there is still a lot of work to be done to break down
barriers in other emerging markets, notably India.
Exclusive Interview with Paul McDonagh owner of Bon Accord: Glasgow Whisky Bar
Published Date: 16th February 2019
It’s a pub that I have been into many times in the past, even before my passion for whisky took over. So, when I got the opportunity to meet the owner of “Bon Accord”, Paul McDonagh, I jumped at the chance. Read more
100,000 bottles of rare whisky sold at UK auction in 2018 - Value of rare whisky bottles sold at UK auction exceeds £40m
Published Date: 8th February 2019
Rare Whisky 101 co-founders Andy Simpson and David Robertson
The UK’s rare whisky auction market has exceeded sales of more than 100,000 bottles of rare whisky in a single year for the first time as global demand accelerates. Read more
New Irish Whiskey With A French Connection Writers' Tears Copper Pot Deau XO Cognac Cask Finish
Published Date: 6th February 2019
Carlow, Ireland: 5 February, 2019: Walsh Whiskey has released Writers’ Tears Copper Pot - Deau XO Cognac Cask Finish, a super-premium edition of its universally popular Writers’ Tears Copper Pot Irish whiskey. It is the fourth expression released under the Writers’ Tears range. Read more
Stars align for launch of Littlemill 40 Year Old Celestial Edition
Published Date: 5th February 2019
Loch Lomond Group has launched the Littlemill 40 Year Old Celestial Edition (46.8% ABV) in the UK, the oldest expression ever to be released from the now lost Littlemill distillery. Read more