The United Kingdom and China have reached a trade agreement that halves tariffs on Scotch Whisky from 10% to 5%.
This measure seeks to revive exports to the tenth most important market for the category, an initiative that could boost both producers and international distributors and strengthen the presence of Scotch whisky in the Asian Market.
For professionals in the international beverage trade, this reduction represents a strategic opportunity: greater price competitiveness, more sustainable margins, and a possible expansion of agreements with local importers.
In a global context of trade tensions and tariff adjustments, this news is a positive sign of openness and bilateral cooperation.
Link here to learn more about the world of Scotch Whisky or contact us directly.