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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US signs free trade deal with Mexico and Canada

A trade deal has been agreed between Mexico, Canada and the US, which preserves the status of Bourbon and will see American rye whiskey receive product recognition. The US-Mexico-Canada Agreement (USMCA) replaces the North American Free Trade Agreement (Nafta) and is said to be “mutually beneficial” for workers, farmers, ranchers, and businesses. The deal aims to “create a more level playing field” and includes “a number of important provisions for the spirits industry”. As a…

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