Europe and US press Japan on spirits market
Friday 13 December 1996
Although the figures involved are relatively small - the elimination of tariffs will save European producers only about $35m (pounds 22m) a year - the move has been seen as a symbolic gesture to countries with whom the EU and US are currently negotiating tariff reductions.
Murray Loake, a spokesman for Guinness, which exports Johnnie Walker whisky as well as Gordon's and Tanqueray gin, said: "Although the current tariffs are not as high as we see elsewhere in the world, this news can only help our competitive position." He said the move was aimed particularly at Japan, which discriminates against whisky and gin in favour of shochu, its home-grown spirit, but also other countries including Chile.
The agreement means tariffs on brown spirits - whisky, brandy and rum - will be eliminated by 2000, compared with a previous agreement to do so by 2004. It also includes white spirits such as gin and vodka for the fast time - those tariffs will be wiped out over five years.
Currently the US import tariff on cognac is about 50 cents a gallon and 20 cents a gallon for whisky. That works out at only a few cents a bottle so it would be wrong to overestimate the financial importance of the deal, Mr Loake said.
The deal is also being viewed as a quid pro quo for the agreement announced earlier in the week to wipe out tariffs on computer exports. That provides a big boost to US companies, while the liquor tariff agreement principally helps European companies. Only two of the world's 10 largest spirits companies are American - Brown Forman, which makes Jack Daniels whiskey and Southern Comfort, and American Brands, which produces Jim Beam bourbon.
- 1 Edward Heath 'raped 12 year-old boy at Mayfair flat'
- 2 London is the most googled city in the world
- 3 Porn block in India: hundreds of sexual websites banned, internet outraged
- 4 Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
- 5 Richard Dawkins ridicules Sabrina Corgatelli for claiming her giraffe kill was 'ethical'
Edward Heath 'raped 12 year-old boy at Mayfair flat'
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
Gwen Stefani and Gavin Rossdale divorce: One of music industry’s most enduring couples announce split after 12 years of marriage
Dutch King Willem-Alexander declares the end of the welfare state
Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
iJobs Money & Business
£35 - £50k DOE: Guru Careers: A Tax Manager / Accountant (ACA / CA / CTA) is n...
£35000 - £37000 per annum + benefits: Ashdown Group: Contracts Executive - Cit...
£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...
£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...