OSLO: Britain has clinched post-Brexit trade agreements with Norway, Iceland and Liechtenstein as it seeks to forge new global trading relationships after leaving the EU. The three nations, which are part of the European Economic Area allowing them access to the single market, have relied on temporary trade arrangements with Britain since the end of a Brexit transition period
SNP say Scots won t be fooled by Tory claims Aussie deal is good for whisky SCOTCH whisky could see a boost if a proposed future trade deal with Australia cuts tariffs on the drink, the UK Government has claimed. However, the SNP say that people will not be fooled by the Tory government s rhetoric given its record on selling out our vital sectors . International Trade Secretary Liz Truss has said she is pushing to ensure the 5% tariff is scrapped as part of a proposed free trade deal with Australia. Currently, Australia is the eighth biggest market for Scotch whisky, accounting for £131 million, with hopes any deal could see that figure rise.
Australian trade deal could slash tariffs on whisky and boost Scottish industry
Trade deal with Australia could boost Scottish industries like financial services, manufacturing, pharmaceutical and food and drink
From:
3 June 2021
A UK-Australia trade deal could include a major boost for Scotch whisky producers with the removal of a 5% tariff on whisky exports, the Department for International Trade has revealed today (Thursday 3rd June).
The International Trade Secretary Liz Truss is seeking to remove the tariff, which makes it more expensive for distilleries to sell overseas, and is also pushing for improved legal protection for whisky in the Australian market during ongoing trade negotiations.
The Environment Secretary sparked a fresh Cabinet trade war yesterday, suggesting a carbon tax could be slapped on food imports from polluting countries to protect farmers.