Latest Press Releases
| MORAY MP WELCOMES SOUTH KOREAN WHISKY TRADE BOOST |
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| Friday, 01 July 2011 00:00 |
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Moray’s MP Angus Robertson has welcomed the signing of a Free Trade Agreement between the EU and South Korea that is expected to see the whisky industry as one of the biggest beneficiaries. The agreement will reduce taxation on Scotch Whisky making it’s way into the Asian country and removes a range of onerous warehousing and labelling requirements that added cost to the process. The Agreement should help the already significant South Korean market for whisky grow and expand. The most popular single malt brands in South Korea are Macallan and Glenfiddich - both significant producers from Speyside. Local Moray MP, Angus Robertson, said: “ This agreement between the EU and South Korea is of real significance for the whisky industry with the European Trade Commissioner stating it could even double exports from the current level of over 150 million pounds. “ In addition to the opening up of much bigger sales opportunities the agreement also important brand protection measures put in place to prevent forgery and fakes from undermining the brand quality that is of crucial importance to one of Scotland’s most recognisable products. “ The huge growth in overseas sales represents a fantastic economic success with potential for jobs growth in Moray, the heart of our whisky production in Scotland.” |
