Comment on PM Brexit speech

02 Mar 2018

Commenting on the Prime Minister's speech on the Brexit negotiations, Scotch Whisky Association CEO Karen Betts said:

"The Prime Minister's speech has taken us closer to the clarity which key industries like Scotch Whisky require if we are to mitigate the risks and harness the opportunities of Brexit.

"For the transition period, the Scotch Whisky industry would be best served by a status quo transition, where the UK remains both in the EU single market and the customs union, and with all relevant EU laws and bilateral trade agreements still fully applicable to the UK. It is critical to get the details of this resolved as soon as possible.

"Post-Brexit, we want continued frictionless access to EU markets. The comprehensive UK-EU free trade agreement the Prime Minister proposes must take into account the close trading relationship we have had for 40 years with regulations which allow easy access to the single market.

"Our trade globally is equally important. We export to 180 markets around the world, and our key growth markets in the medium to long term are outside the EU. Our ability to continue to influence trade policy is therefore vital."