31 March 2023
SWA comments on UK accession to CPTPP
Commenting on the UK Government's announcement that the UK will be joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Scotch Whisky Association Chief Executive, Mark Kent said: “Exports of Scotch Whisky to the CPTPP countries have grown significantly in the past decade, collectively reaching more than £1.1bn in 2022. The UK’s accession to CPTPP will open up new opportunities for Scotch Whisky and other UK products in key markets in the region, including the phased elimination of Malaysia’s import tariff. With the potential for more countries to join CPTPP in the coming years, Scotch Whisky will benefit from further liberalisation in the region.
“We now look forward to continuing to work with the UK government to build on this progress and ensure Scotch Whisky can continue to thrive in priority markets around the world. This starts with achieving a good deal in the UK-India FTA, from which a reduction of the 150% tariff could see exports of Scotch Whisky grow to over £1bn in five years, benefiting both Scotch Whisky producers, as well as businesses and communities in India.
“As we look to continue growing our global markets, we remain disappointed that the UK government are failing to deliver on their promise to ensure our tax system is supporting Scotch Whisky, and instead chose to impose a 10.1% tax hike at the Spring Budget. A tax rate that was already the highest in the G7.”