New trade agreement could boost Tequila exports to China
June 20, 2013 Chinese consumers love luxury products, but they drink crummy tequila. At least until now. Earlier this month, China’s President Xi Jinping and his Mexican counterpart Enrique Peña Nieto signed a bilateral trade agreement that will allow Mexican imports...
India offers the EU to slash import duty on wine and spirits to 40% from 150%
June 18, 2013 In a make-or-break scenario for signing of the free trade agreement (FTA) with the European Union, India has offered to drastically cut Customs duties on wines and spirits to 40 per cent from the current 150 per cent. The offer - made by Commerce and...
Edrington Group expanding Scotch production capacity
June 18, 2013 FAMOUS Grouse maker Edrington is preparing to follow in the footsteps of larger rivals Diageo and Pernod Ricard by expanding its production as the whisky industry gears up to sate the continuing overseas thirst for Scotch. The group – which also produces...
Wine distributors in China stock up amid fear EU trade fight will drive up import tariffs
June 17, 2013 Chinese wine distributors are scrambling to secure bottles from Europe, fearing that a trade spat between the European Union and China—the world's fifth-largest wine market—might lead to significantly higher tariffs on imported European wine. "Every...
Oregon Liquor Control Commissioners oppose additional 25-cent surcharge on distilled spirits
June 13, 2013 At a special commission meeting held the morning of June 12, the Commissioners of the Oregon Liquor Control Commission voted 3-2 against adopting an additional 25-cent per bottle surcharge on distilled spirits. As a result of today’s vote, the proposed...
Remy results: Annual profit up – Chinese slowdown to weigh on first half results
June 12, 2013 * Expects lacklustre Chinese sales of premium cognac in H1 * Confident of mid-to-long term growth despite weak Europe * Annual profit up 12.3 pct, above company guidance * Shares down 0.8 percent French spirits group Remy Cointreau forecast lacklustre...
Remy Cointreau sells Larsen Cognac to Altia less than a year after acquiring the brand
June 11, 2013 Rémy Cointreau has announced the sale of Larsen Cognac to Nordic group Altia less than a year after buying the brand out of family ownership. The deal, which is expected to complete in the next three months, includes “the brand, industrial and commercial...
Pennsylvania liquor privatization drive hits wholesale snag
June 10, 2013 What may end up derailing the Republicans' drive to privatize Pennsylvania's sale of wine and liquor is not who gets to sell it — but who gets to deliver it. Both a four-month-old plan by Gov. Tom Corbett, a Republican, and a bill that passed the...
Oregon liquor control board extends 50-cent surcharge on sales
June 7, 2013 Oregon liquor authorities voted Thursday to extend a 50-cent surcharge on every bottle sold, but delayed a decision on whether to tack on another 25 cents, which Democratic lawmakers have requested. The half-buck fee comes on top of the additional charges...