UK should be ‘bastion of free trade’ post-Brexit

The UK should be a “bastion of free trade” and “looking to remove tariffs as far as possible”, the chief executive of the Wine and Spirit Trade Association (WSTA) has encouraged. Single malt Scotch, single malt Irish whiskey and liqueurs made in the UK have been subject to a 25% import tariff from the US since October last year. The US introduced the tariffs on these alcoholic beverages, along with many other EU-made goods, in…

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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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