The Impact of a Reduction in Scotch Whisky Tariffs in India on the UK Economy

Black, James and Cooper, Benjamin and Brocek, Frantisek and McGeoch, Adam and Spowage, Mairi (2021) The Impact of a Reduction in Scotch Whisky Tariffs in India on the UK Economy. Fraser of Allander Institute, Glasgow.

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Abstract

Scotch Whisky is the world’s most internationally traded spirit with exports worth almost £5bn annually. The Scotch Whisky Association (2018) estimates that Scotch supported £5.5 billion of gross value added (GVA) in the UK economy in 2018. Some of the biggest Scotch whisky importers include the US and France, in both value terms and the number of bottles. Exports of Scotch to India have grown significantly over the decade and India is now the 7th largest export destination in terms of value in 2019. In recent years, Scotch Whisky has also become one of the most tariffed products traded on the global market.

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https://doi.org/10.17868/strath.00080230
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