Advertise with fastmoving.co.za
 
 

Representatives from the wine and spirits industry across Europe and the UK met at the EU Commission this week, in a bid to move Brexit trade discussions forward.
Representatives from the wine and spirits industry across Europe and the UK met at the EU Commission this week, in a bid to move Brexit trade discussions forward.

Europe's wine and spirit industry unites in Brexit trade talks

LIQUOR NEWS

ESM - Feb 5th 2018, 09:08

Representatives from the wine and spirits industry across Europe and the UK met at the EU Commission this week, in a bid to move Brexit trade discussions forward. 

The Wine and Spirit Trade Association (WSTA), Scotch Whisky Association, spiritsEUROPE and Comité Européen des Entreprises Vins, presented points from their joint position paper, which was published last year, to Michel Barnier's taskforce.

In particular, the parties focused on the importance of reaching a negotiated settlement, with a transition period, and a new free trade deal.

“The Brexit position paper makes clear that partners in the wine and spirit trade right across Europe strongly support the UK and EU securing a comprehensive trade agreement," said Miles Beale, chief executive of the WSTA.

"All of us want a solution that enables us to continue to do business after Brexit and to ensure UK and EU consumers will be able to continue to enjoy the full range of products."

Next Steps

The WSTA says that the next step is to bring politicians onboard.

"Time is running out and the economic importance to businesses on both sides of the channel to get this right cannot be over emphasised," added Beale.

"The WSTA has, from the outset, been calling for a transition period. Frankly, we need politicians to deliver continuity for our industry, and not to indulge in politicking that risks delay or damage to our industry and its businesses – on whichever side of the Channel they reside.”

A Brexit analysis study, which was leaked this week, suggested that the UK economy will be worse off than if the country stayed in the EU.

“The contents of the leaked document, which suggest that every part of the UK economy would suffer, reinforces the urgent need for trade associations to secure future trade – and provide businesses with certainty as soon as possible,” said Beale.

The WSTA says that the UK is the world's second-largest importer of wine by both volume and value, while the EU represents a significant export market for British spirits.


ESM 

Read more about: wine | uk economy | spirits | liquor news | europe

Related News

SA retailer selling gin packs to give your G&T a distinctive twist
12/02/2019 - 21:45
Retailers have taken note of the huge gin trend - for example, in 2011, Pick n Pay stocked around 20 gins and now have over 100 different varieties - with over 25% of those being locally produced.

Cape wine production set to be low after 3-year drought
07/02/2019 - 19:19
The Cape's three-year drought has taken its toll on the wine industry and early indications are that this year's harvest will be even lower than the poor 2018 harvest.

KWV Cruxland Gin among the world’s best for a second time running
28/01/2019 - 10:57
For the second year running, KWV Cruxland Gin has triumphed as the Best South African London Dry Gin for Taste at the prestigious World Gin Awards. The announcement was made at the Caledonian Club in London, in the presence of more than 100 guests and influencers from the gin industry.

Value of wine exports up despite drought in Western Cape
28/01/2019 - 09:41
The value of wine exports grew by 4% in 2018, despite a difficult season and a long-term trend of producers dwindling.

Distell: Chateau gets a wider roof
28/01/2019 - 08:41
Distell creates new Libertas Vineyards structure that will focus on its premium wines — including some old favourites.