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United Kingdom: Changes to UK Alcohol Tax Rates May Challenge US Exports of Some Alcoholic Beverages
Changes to UK alcohol tax rates were implemented on August 1, 2023. The UK government calls this an alcohol duty, but it is an excise tax charged at the point of production or importation of drinks of alcoholic strength exceeding 1.2 percent alcohol by volume (ABV) – the percentage of pure alcohol per liter of product.
The United Kingdom (UK) and member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the agreement to join the CPTPP in July 2023.
Following the UK’s departure from the European Union, U.S. export health certificates are now required to either follow the Great Britain model health certificates (for destinations within England, Scotland, or Wales) or the European Union model health certificates if shipping to Northern Ireland.
Starting July 13, 2023, a third-party certification issued by accredited certifying bodies will be mandatory to certify maximum sodium levels in processed products listed in Colombian Resolution 2013 of 2020.
Colombia is the main market for U.S. consumer-oriented products in South America. In 2022, U.S. consumer-oriented exports to Colombia reached a record $877 million.
The cost-of-living crisis dominates this report, highlighting the increased price of food faced by consumers in the UK.
In 2023, ethanol production is forecast to recover to 380 million liters due to better weather conditions. In 2022, ethanol production decreased as adverse weather conditions and high sugar prices led to local producers prioritizing sugar production.
In marketing year (MY) 2023/24, Colombian coffee production is forecast to increase by 3 percent to 11.6 million bags of green bean equivalent (GBE) coffee driven by improving weather conditions, which have hurt production over the past two years.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, a larger than forecast rapeseed harvest, following favorable growing conditions, avoided the UK being reliant on imported oilseeds, meals, and oils.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.