After 45% increase in Whisky exports to China, they cut the tariffs by 10%. Eh?

scotch-whisky

(c) scmp.com

That’s kind of counter-intuitive isn’t it? Have the Chinese politicians and trade administrators been drinking the stuff and thinking let’s have more of this, cheaper, and pay even less in taxes to our own government?

According to a piece in Insider magazine:

The country’s Finance Ministry announced it would slash tariffs on 187 consumer goods including Scotch and cashmere clothing in a bid to boost economic growth.’

http://www.insider.co.uk/news/whisky-boost-china-slashes-import-11580502

I’m confused. How do the Chinese expect importing more Scotch to enable their economy to grow? Might it not have the opposite effect? Anyhoo, this looks like further improving the only trade surplus in the UK. See:

Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt

Also, will it further improve the figures in this?

Scottish food and drink exports still booming so is it still only 28% of the UK’s food and drink exports? We’re still only 8% of the population

I gather our population is not growing much so we’ll have to increase the 28%. 30% next time, Office for National Statistics?

Footnote: They do seem determined to get the real stuff. See:

Chinese court jails fake Scotch whisky seller

http://www.bbc.co.uk/news/uk-scotland-scotland-business-21194829

 

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7 thoughts on “After 45% increase in Whisky exports to China, they cut the tariffs by 10%. Eh?

  1. macgilleleabhar November 25, 2017 / 7:57 pm

    Yes John I think we know who consumed the extra 45% and enjoyed it.😉

    Like

  2. macgilleleabhar November 26, 2017 / 1:55 pm

    They have mastered” Te bheag” but want to keep the costs down for a full frontal attack on ” Te Mhor”.

    Like

  3. Clydebuilt November 26, 2017 / 8:25 pm

    One day Not too far away in an Independent Scotland . . . . All Scottish people will be able to afford premium Scottish Whiskies!
    ( just in case I’m in a hole . . . Better dig my self out) . . . Maybe the gents in the photo are Scottish?

    Liked by 1 person

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