UK: British alcohol sales rise in CPTPP countries

Published 2024년 1월 4일

Tridge summary

Sales of British alcohol products, including Scotch whisky and English sparkling, are increasing in the Indo-Pacific region following the UK's agreement to join the CPTPP trade bloc. Scotch whisky is particularly popular in Singapore and Malaysia, with exports to CPTPP countries reaching over £1.1bn in 2022. In Japan, UK sparkling wine exports have also risen by 140%, with Japan being the biggest market for Kent-based Balfour Winery, which is looking to build awareness of their wine in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sales of British alcohol products such as English sparkling and Scotch whisky are on the rise in the Indo-Pacific region, the UK government has announced. The uplift comes six months after the UK signed up to The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – an Asia-Pacific trade bloc made up of 11 other countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Leading the charge is Scotch whisky, which continues to dominate the Singapore market, with over £380m worth of exports from the UK to Singapore over the last year, an increase of 31% (£90m) in current prices on the previous year. Its popularity extends to other markets in CPTPP too, with a 43% (£11m) increase in Scotch whisky exports to Malaysia over the past year. The Scotch Whisky Association CEO, Mark Kent said: “Exports of Scotch Whisky to the CPTPP countries have grown significantly in the past decade, collectively ...
Source: Harpers

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