Brexit without major impact on Polish whiskey market: expert

It has become a fact that Great Britain has left the EU structures. Many industries are now concerned about the negative consequences of Brexit. Despite initial concerns, the domestic and global whiskey market will not be affected to a large extent by the recession. Private collectors looking for bargains at online auctions will suffer the most.

The specter of Brexit hovered over the whiskey industry for months. Experts expected a repeat of a few years ago, when the European Union imposed a 25 percent tariff on American whiskey, which had a strong impact on the local market, including in the form of increases in alcohol prices - especially those produced by smaller companies. The black scenario did not work when Great Britain left the EU structures.

“The impact of Brexit on the global whiskey market will not be as significant as you might have thought a few months ago. At the last minute, an agreement was signed between the European Union and Great Britain, under which whiskey imported outside the kingdom will not be subject to additional duties, which would result in an increase in its prices on other markets,” Jarosław Buss, owner of the distribution company Tudor House and the Ballantines chain of stores, argued.

One of the few consequences of Brexit is the enormous perturbations on the border. According to the Polish juror in the World Whiskies Awards competition, British producers have not been thoroughly instructed by the government about the documentation that is necessary to take the goods out of the country.

(WBJ)