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10 June 2019

SWA welcomes UK-South Korea trade continuity

Karen Betts
The UK has signed a joint statement for trade continuity with Korea, removing the prospect of tariffs on Scotch Whisky.

Commenting on the joint statement for trade continuity between the United Kingdom and South Korea, SWA Chief Executive Karen Betts said: 

“Scotch Whisky is a global success story, with more than 1.2bn bottles exported last year. 

“Our export success is based on free trade and open markets. By reducing tariffs and other trade barriers, Scotland’s national drink can continue to increase its global reach, in turn creating jobs and investment across the UK.

“This agreement removes the prospect of tariffs being reintroduced in South Korea - an important market for Scotch Whisky worth £70 million in shipment value  in 2018.”