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Why Scotch whiskey lovers are praying for Scotland not seceding from UK

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ANI New York
Last Updated : Sep 17 2014 | 2:10 PM IST

Experts have recently warned that Scottish independence from UK as a result of historic referendum might increase the price of Scotch whisky, ultimately hampering the export of the product.

According to the Guardian, Dutch bank Rabobank has stated that the split could mean Scotland would be shut out of the 27-country European Union, losing access to its tax-free trade market until it could reapply for membership in 2016, the New York Post reported.

It was also mentioned that as a result, scotch could face increased competition from other spirits and might lose competitiveness in key EU markets.

According to the CNN, The 200 countries that are huge importers of scotch, including the whisky-loving United States, could drop off to as few as 70.

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First Published: Sep 17 2014 | 1:58 PM IST

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