This week our Irish Whiskey News features articles on Irish Whiskey escaping 25% USA tariffs and The Festival of Irish Whiskey will be showcasing Irish whiskey from October 10th to the 13th.
So let’s see what’s happening this week in our Irish whiskey news.
In a blow to Irish and European food exporters, the Office of the US Trade Representative announced it would impose tariffs of 25 per cent on a range of food products including butter, cheese, pork and several drink products, including liqueurs such as Baileys. However, while whiskey from Scotland and Northern Ireland – including Bushmills – will be hit, it appears that Irish whiskey has been exempted from the tariffs. The decision was announced hours after the United States was given the green light to impose $7.5 billion (€6.84 billion) worth of tariffs on European exports.
However, the apparent exemption for whiskey from the Republic of Ireland will be welcomed, given that the US is Ireland’s primary export market for whiskey. An analysis by Ibec earlier this year found that Irish goods would be the most exposed, on a per capita basis, to the proposed US tariffs on EU goods, noting that €818 million worth of products would be hit. “Given that the food and drink sector makes up two-thirds of the exports of indigenous firms, there is potential here for significant knock-on impacts on the domestic economy,” the association writes in its most recent economic outlook.
The Festival of Irish Whiskey will be taking place in Dublin next week with some exciting events lined up. Venues across the capital will be hosting a variety of events celebrating the rich heritage of Irish whiskey. The festival will run from Thursday to Sunday next week with everything from tastings, workshops, talks, and tours in store for whiskey fans. All five Dublin distilleries will be hosting a joint tasting event and all proceeds will be going to A Liberties charity called the Solas Project. You can also check out the live cooperage demonstration at Pearse Lyons Distillery on Saturday. And if you love artisanal food and drink, why not make your way down to the Spirit of Dublin Food Fair at Teeling Whiskey Distillery?
Speaking at the launch, Food Minister Andrew Doyle TD said: “I am very pleased to see that in 2018 there were 923,000 visitors to Irish whiskey distilleries, up 13% compared to 2017 and up 41% compared to 2015. “With the number of visitors set to exceed one million in 2019, thus ensuring that the industry remains a significant employer both directly and indirectly through its support of the Irish tourism, agricultural producers, the agri-food sector and the rural economy.”
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The Whiskey Experts – Irish Whiskey News © 2019