Highlands on the borders, the Scottish should benefit from the historic trade agreements of the United Kingdom with India, the United States and the EU, announced in recent weeks, said the British government
- The Prime Minister visits the historic distillery in Glasgow to discuss the advantages of the commercial whiskey industry
- Follows Uk Hat Trick of Trade Shares with India, the United States and the EU – Improve people’s lives across the country
- Transactions will help stimulate growth in Scotland and put more money in the pockets of the worker Scottish people
Highlands at the borders, the Scots should benefit from the historic trade agreements of the United Kingdom with India, the United States and the EU announced in recent weeks, said the government of Westminster.
The Prime Minister discussed the enormous growth opportunities and the advantages for Scotland during a Clydeside distillery in Glasgow in Glasgow today.
The visit comes after the Prime Minister visited Bae Govan this morning to announce the Defense Strategic Review, which will see significant investments in Scotland. More than 2 billion pounds sterling per year are already spent by the Ministry of Defense with industrial organizations of all sizes in Scotland, supporting more than 25,000 qualified jobs in Scotland.
The world renowned scotch whiskey industry is expected to explode worldwide-the Scotch Whiskey Association announcing that they have planned 1 billion pounds of additional exports in five years, plus 1,200 new jobs thanks to the price reductions as part of the British-Indian free trade agreement.
India is an important market for Scotland, with 457 Scottish companies exporting a total of 610 million pounds sterling of goods last year.
As part of the trade agreement in India, prices have been reduced to an emblematic scotler of Scottish products, whiskey prices have reduced by half 150% to 75% and a 40% drop after 10 years with reduced salmon from 33% to 0%. Iconic Scottish brands like Irn Bru and Scottish Shortred will also see reduced prices.
Life sciences and health technology centers in Scotland will be reinforced by intellectual property commitments in areas such as trade and copyright, helping companies export to India with confidence.
Prime Minister Keir Starmer said: “Our trade agreements with India, the United States and the EU will reduce tariffs on key industries and open markets to help stimulate growth in Scotland and put money in the pockets of the worker Scottish people, to provide our change of change.
“Scotland is home to some of the world’s most renowned products, which can now be appreciated around the world – while saving money from Scottish companies.
“This is why we have concluded these transactions and why we will continue to go further and faster to improve everyone’s life in the United Kingdom.”
The Secretary of State for Scotland, Ian Murray, said: “Our trio of commercial transactions shows that we defend Scottish products and companies on the world.
“From our world -renowned whiskey distilleries to our cutting -edge green energy sector, Scotland has so much to offer international markets. But especially in the context of our change plan, it means more money in the pockets of people.
“By obtaining better access to the European Union, the United States and India, we create real opportunities for Scottish companies to grow, supporting jobs in the communities of Highlands at borders.”
Mark Kent, chief executive officer of the Scotch Whiskey Association, said: “While the largest export of food and drink in the United Kingdom around 180 markets in the world, the producers of Scottish whiskey host the work done to reduce trade barriers worldwide.
“The Landmark UK-India free trade agreement will be transformational for the longer-term Scottish whiskey industry and has the potential to increase exports to India by 1 billion pounds sterling over the next 5 years and create 1,200 jobs across the United Kingdom.
“It is also constructive to see a potential reduction in the burden of exporters through the British agreement with the EU.
“We continue to support the efforts of the British government to resolve the issue of prices with the United States and establish a path to return to the zero price arrangement for zero that we had with the United States on the spirits for more than 30 years.”
The new agreement with the European Union, the largest commercial market in the United Kingdom, will directly report the challenges that Scottish exporters have faced since 2019.
The Scottish salmon industry estimated that between 2019 and 2023, the Scottish export values on salmon underwent a net loss of around 75 million pounds sterling. The agreement with the EU facilitates the sale of Scottish products to European markets.
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