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.
Newcastle manager taunted again as his side loses to Stoke
- 1 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 3 The Simpsons death: Creator Al Jean would 'kill himself' before a character like Homer or Lisa
- 4 British man raped while urinating in bushes at Oktoberfest beer festival in Germany
- 5 Pope Francis assures atheists: You don’t have to believe in God to go to heaven
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
British man raped while urinating in bushes at Oktoberfest beer festival in Germany
George Clooney and Amal Alamuddin wedding: The famous congratulate actor and human rights lawyer after Venice nuptials
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
'Women, walk wherever you want' posters taken down in Stamford Hill following 'unacceptable' signs separating men and women
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
iJobs Money & Business
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...
£300 - £330 per day: Ashdown Group: SQL Developer (Stored Procedures) Watford...