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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.
Japan’s National Tax Agency (NTA) proposed 9 new geographical indications (GIs) for alcoholic beverages from the United Kingdom. NTA will accept public comments on the proposal through January 16, 2023.
As the 14th largest export destination, the United Kingdom (UK) has been an important and growing market for U.S. agricultural products. Shared heritage and cultural ties have continued to bolster U.S.-UK trade. The United States is the second largest UK agricultural supplier, behind the European Union (EU). The market presents many opportunities for intermediate and consumer-oriented products.
In 2018, U.S. agricultural exports to Jamaica reached $482 million.
The European Commission has published in the EU Official Journal updated legislation amending the EU Regulation on Spirits.
In 2017, U.S. agricultural exports of consumer-oriented products to Jamaica reached a record level of $470 million.
n 2017, U.S. exports of consumer-oriented products to Jamaica reached a record level of US$173.9 million, representing a 38 percent market share.
On March 12, 2018, the EU alcoholic beverages industry presented a “joint’ self-regulatory proposal on nutrition labeling and ingredients listing to the European Commission.
The UK has strong social and cultural ties to the United States, demonstrated by the similarities in consumer trends in the retail and foodservice markets.
In 2016, exports of consumer-oriented products to Jamaica reached a record level of $173.7 million.
On March 13, 2017, the European Commission presented its long awaited report examining whether mandatory nutrition labeling requirements should be extended to alcoholic beverages....
Jamaica is one of the main tourist destinations in the Caribbean region, with over two million tourist arrivals in 2015. Approximately 1.3 millions of these tourists were from the United States.