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Whisky news from the The Scotch Whisky Association

Scotch Whisky Association Welcomes Groundbreaking Trade Deal with Korea - 1st July, 2011

Whisky industry backs plans for alcohol duty review - 22nd June 2010The 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 industry.

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.

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Some Scottish Whisky Available to Buy Online

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North Port Brechin 36 Year Old 1981 (cask 1708) - 30th Anniversary Gif Single Malt Whisky ~ 57.2% ~ 70cl

Region: Highland  ~  Type:   Scottish


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Glencraig 42 Year Old 1976 (cask 4283) - 30th Anniversary Gift Box (Si Single Malt Whisky
Glencraig 42 Year Old 1976 (cask 4283) - 30th Anniversary Gift Box (Si Single Malt Whisky ~ 42% ~ 70cl

Region: Speyside  ~  Type:   Scottish


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Glenfarclas 1955 (cask 2217) Family Cask Autumn 2013 Release Single Malt Whisky
Glenfarclas 1955 (cask 2217) Family Cask Autumn 2013 Release Single Malt Whisky ~ 43.3% ~ 70cl

Region: Speyside  ~  Type:   Scottish


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Ardbeg 24 Year Old (That Boutique-y Whisky Company) Single Malt Whisky
Ardbeg 24 Year Old (That Boutique-y Whisky Company) Single Malt Whisky ~ 48.1% ~ 50cl

Region: Islay  ~  Type:   Scottish


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The Old Blend Scotch Whisky of the White Horse Cellar (37.5cl) - 1955 Blended Whisky
The Old Blend Scotch Whisky of the White Horse Cellar (37.5cl) - 1955 Blended Whisky ~ 40% ~ 38cl

Region: Other Scotch  ~  Type:   Scottish


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Glenfiddich 1995 - Spirit of Speyside 2018 Single Malt Whisky
Glenfiddich 1995 - Spirit of Speyside 2018 Single Malt Whisky ~ 53% ~ 70cl

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Macallan 28 Year Old (That Boutique-y Whisky Company) Single Malt Whisky
Macallan 28 Year Old (That Boutique-y Whisky Company) Single Malt Whisky ~ 43.6% ~ 50cl

Region: Speyside  ~  Type:   Scottish


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Glenglassaugh 40 Year Old Single Malt Whisky
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The Last Drop 1971 Blended Scotch Blended Whisky
The Last Drop 1971 Blended Scotch Blended Whisky ~ 46.7% ~ 75cl

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Rosebank 8 Year Old Single Malt Whisky
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