Cask-Whisky Investors Share Excitement for the Latest UK Australia Trade Deal

Following the UK’s exit from the European Union, the British government has been negotiating a number of new trade agreements with various nations such as the India – UK trade deal. The latest such deal is between Australia and the United Kingdom regarding exports between the countries.

The deal was agreed between Australian Prime Minister Scott Morrison and UK Prime Minister Boris Johnson, unlocking over £10.4 billion of additional trade. Furthermore the deal also includes the 100% removal of tariffs across all UK exports, giving Australian consumers increased access to scotch.

Before the deal scotch was tariffed at 5% causing much fiercer competition with the strong local Australian whisky industry, however, demand for scotches is still high among discerning enthusiasts. Now with scotch being released from these oppressive measures, Australian general consumers have a greater access to whiskies in supermarkets. For anyone who has invested in scotch whisky casks, this is a huge boon. When consumer demand for whisky rises so does the value of your whisky cask portfolio.

This trade deal is the start of something much bigger, it provides a launch pad for the UK to join the enormous Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), one of the largest free trade agreements in the world. The partnership is worth at least £9 trillion in exports with signatories including 11 nations from across the Pacific including Australia, Canada, Japan, Mexico and Singapore. When the UK joins the CPTPP it will open the entire Pacific region up to scotch, allowing consumers to gain easy access to whisky, and allowing those who have invested in scotch casks to bask in their returns.

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