LONDON, Jan 29 (Reuters) - China will reduce its tariffs on Scotch whisky to 5% from 10% following talks between Prime Minister Keir Starmer and Chinese President Xi Jinping, a spokesperson for the
China to Cut Tariffs on UK Whisky Following Xi-Starmer Discussions
Impact of Tariff Reduction on UK Whisky
LONDON, Jan 29 (Reuters) - China will reduce its tariffs on Scotch whisky to 5% from 10% following talks between Prime Minister Keir Starmer and Chinese President Xi Jinping, a spokesperson for the British premier said on Thursday.
Financial Implications for Exporters
The reduction is expected to be worth 250 million pounds ($345.35 million) over five years for UK whisky exporters, the spokesperson added.
Political Context of the Agreement
($1 = 0.7239 pounds)
(Reporting by Andrew MacAskill in Beijing and Muvija M in London, Editing by Kate Holton)
