SWA statement on EU-Japan Free Trade Agreement
06 Jul 2017
The EU and Japan have today reached a political agreement on a
new Free Trade Agreement.
Karen Betts, Scotch Whisky Association chief executive, said: "We
welcome today's political agreement between the EU and Japan, and
hope this will lead quickly to a deal being finalised, ratified and
introduced. A Free Trade Agreement (FTA) between two of the world's
largest economies will have wide-reaching benefits across a range
of sectors and progress is especially welcome during the Brexit
process, at a time when the future direction of trade policy is
being considered. While Scotch Whisky already enjoys a zero
tariff in Japan, the FTA is important to the industry and
introduces specific legal protection for Scotch Whisky in Japan for
the first time.
'We support the UK Government's objective to ensure the benefits
of trade deals such as EU-Japan and others already in place,
including agreements with Korea, Colombia and Vietnam, are secured
after Brexit and effective transitional arrangements are
introduced. The UK can then pursue new FTAs with other countries
and demonstrate its commitment to open markets.'
Note to editors:
Scotch Whisky exports to Japan reached £82 million by customs
value in 2016, an 8% increase on 2015. Japan is currently
Scotch Whisky's 13th largest export market by value.