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Central America toasts Euro-deal with drop of Scotch

Tuesday, December 11, 2012

Central America is set to become a significant new market for Scotch whisky, after a free trade agreement came into effect recently with Europe.

The agreement would gradually reduce trade tariffs for liquors, except rum, over a transitional period of six years, after which they would be eliminated.

Colombia will also benefit from the agreement, although the transitional period would extend to 10 years. Colombia and Peru already import Scotch whisky for some $42 million per year.

Full story (in Spanish)