- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 103 days ago
- Bias Distribution
- 100% Left
Brazil Grants Special Status to Scotch Whisky
Brazil has granted Scotch whisky special protected status under a Geographical Indication, enhancing its legal recognition and helping to combat counterfeiting. This status, the first granted to a foreign product in Brazil since 2019, is projected to boost exports by £25 million over the next five years, according to the Department for Business and Trade. Trade Secretary Jonathan Reynolds emphasized that this move would provide Scottish distillers with confidence to access one of the world's largest economies without facing competition from counterfeit products. The Scotch Whisky Association (SWA) reported that Scotch whisky exports were valued at £5.6 billion in 2023, highlighting its significance to the UK economy. The recognition places Scotch whisky alongside other prestigious spirits like Tequila and Cognac, reinforcing its quality and heritage. This development comes as the industry faces challenges, with a noted decline in export volumes to Brazil amidst global economic pressures.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 103 days ago
- Bias Distribution
- 100% Left
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.