Planet Whiskies :: Scottish Single Malt Whisky, Scotch, Distilleries, American Bourbon, Japanese, Irish

World-Wide Whisky News by Planet Whiskies | Buy your whisky online

To advertise on Planet Whiskies visit our contact us page

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.

<< Back to all the latest whisky news brought to you by Planet Whiskies

Share Planet Whiskies on social media

Planet Whiskies on Twitter
Planet Whiskies on Facebook
Planet Whiskies on Google Plus
Planet Whiskies on Pinterest

Glenrothes 1971  The MacPhails Collection (Gordon & MacPhail)Glenrothes 1971 The MacPhails Collection (Gordon & MacPhail)

Nose: Reminiscent of Christmas cake rich fruits with some fresh orange peel notes and a hint of chocolate.
Palate: Mouth warming, some peppery influences, fresh lemon zest and creamy. Finish: Long with fruity notes.
Clicks to read more

Glenrothes 1971 for only £ 44.00
World-wide delivery available - Price Subject to Change

Kininvie 23 Years Old Batch No. 3 Single Malt Scotch WhiskyKininvie 23 Years Old Batch No. 3 Single Malt Scotch Whisky

The KININVIE DISTILLERY was born in July 1990 in Dufftown by Janet Sheed-Roberts, Granddaughter of William Grant, one of Speysides most important and historical distilling towns... Read more

Kininvie 23 Years Old Batch No. 3 for only £124.70
World-wide delivery available - Price Subject to Change

Subscribe to Planet Whiskies newsletter

* indicates required

Buy from Spirits By Post:: Excellent whisky selection available to buy online today:: Click for more details

Latest Whisky News

See all whisky press releases for 2017

Glenfiddich launches new limited edition expression finished in ice wine - Winter Storm: 21st September, 2017

Thank you Scotland: Glenfiddich launches first ever festival for Scottish on-trade:15th September, 2017

Scotch Whisky tourism more popular than ever - distillery visits and spend increasing: 9th September, 2017

New Speyside Distillery: Cabrach will celebrate Scotland’s illicit whisky history: 7th September, 2017

Latest Gin News

Ian Macleod Distillers Acquires Edinburgh Gin :: 13th September, 2016

Crafted Upon Four Pillars :: The definitive Modern Australian Gin Debuts in the U.S :: 13th July, 2016

VisitScotland Interactive Whisky Guide

Visit Scotland Interactive Whisky Map

Found out about 105 whisky distilleries in Scotland's five whisky regions in this very exciting interactive whisky guide :: More information

Selection of Scottish Malts Whisky available from Spirits By Post

Collectivum XXVIII 2017 Release Single Malt WhiskyCollectivum XXVIII 2017 Release Single Malt Whisky

Distillery:  Blended

Limited bottle available worldwide! Order now for delivery last week of September, 2017
Cask Type: Refill American oak hogsheads, refill European oak butts, ex-bodega European oak and first-fill bourbon.
Clicks to read more

Buy Now for £148.00
World-wide delivery available - Price Subject to Change

Auchentoshan Bartenders Malt Annual Limited Edition #1 Single Malt Scotch WhiskyAuchentoshan Bartenders Malt Annual Limited Edition #1 Single Malt Scotch Whisky

Distillery:  Auchentoshan

Colour/Appearance: Golden copper with green reflections.
Nose: Dried Apricots, Milk Chocolate, Honey and Green Tabacco Leaf.
Palate: Zest, Cherry Blossom, Brioche &Ginger.
Finish: Edgy, and expanding with a long-lasting warmth.

Buy Now for £44.00
World-wide delivery available - Price Subject to Change

Glen Elgin 18 Year Old 2017 Release Single Malt WhiskyGlen Elgin 18 Year Old 2017 Release Single Malt Whisky

Distillery:  Glen Elgin

Only 752 individually numberedbottles available worldwide! Order now for delivery last week of September, 2017
Clicks to read more

Buy Now for £299.00
World-wide delivery available - Price Subject to Change

Glenmorangie Astar 2017 Release Highland Single Malt Scotch WhiskyGlenmorangie Astar 2017 Release Highland Single Malt Scotch Whisky

Distillery:  Glenmorangie

Nose: Rich, sweet and fruity with fresh bright floral top notes. At full strength, the aroma is rich in butterscotch and honey, drizzled with fresh mint and a burst of coconut. The nose is full of citrus, freshly squeezed lemons fill the nose...
Clicks to read more

Buy Now for £74.00
World-wide delivery available - Price Subject to Change

Caol Ila 18 Year Old 2017 Release Single Malt WhiskyCaol Ila 18 Year Old 2017 Release Single Malt Whisky

Distillery:  Caol Ila

Limited number ofbottles available worldwide! You can place your order on Spirits by Post and deliveries will start at the end of September 2017. Clicks to read more

Buy Now for £98.00
World-wide delivery available - Price Subject to Change

More details about Spirits By Post can be found on their website at www.spiritsbypost.com

Planet Whiskies on Pinterest

Planet Whiskies on Twitter

Support us Google Plus