Tag: Brexit Effect
The Brexit Effect on Wine & Spirits
Thankfully the Brexit talks finally seem to be getting somewhere as for the wine and spirits trade, no deal will be a bad deal. The representative body of the EU drinks industry has called upon the EU and UK to agree to a ‘gold standard agreement’ and so minimise the Brexit Effect. This will preserve tariff-free trade for wines and spirits to ensure fair competition and consumers’ confidence. A good outcome if agreed, but it is unlikely to be secured by March 2019. In contrast, a positive forecast comes from the Travel Retail sector. This term emerged when duty-free shopping… Read more