South Korea lifts Scotch whisky import barriers

on 01/07/11 at 1:18 pm

Spirits

Trade barriers to Scotch whisky imports have been removed in South Korea – a nation that already ranks among distillers’ most successful markets.

The new free trade agreement was struck between the European Union and the Seoul government.

The 20% spirits import duty is being phased out and complex requirements for labelling and warehousing removed.

The South Korean government also agreed to protect Scotch whisky and other European products against imitators.

During 2010 Scotch whisky was the UK’s biggest export to South Korea, with top brands including Windsor, Imperial Classic and Scotch Blue.

Macallan and Glenfiddich are the most popular single malt brands.

{FULL STORY via BBC}


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