EU approves free trade deal with Vietnam

The European Union has ratified its free trade agreement with Vietnam, which will gradually scrap the country’s 45% import tariff for spirits and protect categories such as Scotch whisky and Cognac. Negotiations for the agreement concluded more than three years ago, but progress towards ratification has been slow. The European Union’s (EU) Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday (18 February). The deal will remove…

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Aviation Gin appoints Proof Drinks as UK distributor

Actor Ryan Reynolds has appointed Proof Drinks to distribute his Aviation Gin brand in the UK with immediate effect.  The deal will see Aviation Gin available to buy online and in store at more than 270 Asda outlets and 60 Waitrose stores. In November last year, Aviation Gin said it is seeking to expand its presence in the UK with a multi-million-pound investment. “The UK is a huge priority for us,” said Deadpool actor Reynolds,…

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English producer buys London Distillery Co

Spirits producer The British Honey Company (BHC) has acquired Dodd’s Gin owner The London Distillery Company for an undisclosed sum. Buckinghamshire-based BHC said the deal is part of its “ambitious” growth strategy for 2020. Based in Southwark, London, The London Distillery Company (TLDC) was founded in 1807 and re-established in 2011. In addition to its Dodd’s Gin range, the firm produces the Kew Organic Spirits range, a four-year-old rye whiskey, which claims to be the…

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US and China sign Phase One trade deal

The Distilled Spirits Council of the US is urging China and the US to “continue negotiations” for a deal that removes tariffs on US spirits after the Phase One trade agreement between the two nations was signed yesterday (15 January). On Friday 23 August 2019, China’s Finance Ministry announced its intention to implement additional tariffs worth US$75 billion on 5,078 items, including American whiskey. The move was in response to US president Donald Trump’s decision…

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Constellation seeks new buyer for Paul Masson brandy

US firm Constellation Brands will no longer sell Paul Masson brandy to E&J Gallo Winery as part of a deal to offload 30 drinks brands after “competitive concerns” from a US government agency. The US$1.7 billion agreement, which was first announced in April 2019, included brands “principally priced” at US$11 RRP or below and mostly relates to Constellation’s wine portfolio. The sale also included Black Box vodka and Paul Masson brandy. However, government body the…

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