First Minister said Scotland's whisky
products can act as a "passport to attract international
investment" as he championed mutually beneficial trade links
between whisky businesses in Scotland and the United
States.
Meeting with sector representatives on his final day in New York
where he has been focused on promoting trade and investment for
Scotland, the First Minister chaired a roundtable with members of
the Scotch Whisky Association (SWA) and US partners.
The United States is the top export market for Scotch whisky –
worth £971 million in 2024 – while Scotland's whisky producers
import around $300 million of used bourbon casks every year.
First Minister said:
“The Scotch whisky and American whiskey industries enjoy strong
links and support a huge amount of trade, jobs and investment on
both sides of the Atlantic.
"Scotch whisky is a truly global brand that represents the best
of Scotland's economic innovation. The strength of the sector -
and reputation of the products - can act as a passport to attract
international investment in Scotland and help maximise the mutual
benefits of trade and economic integration.
“Despite the increasingly volatile global economy, Scotland and
the United States remain connected by strong social, economic and
cultural bonds that have been forged over many years. The
Scottish Government will strive to ensure they continue to
strengthen.”
SWA chief executive Mark Kent said:
“The Scotch whisky industry fully supports the First Minister's
efforts to highlight the investment Scotland, and particularly
Scotland's national drink, brings to the US economy, creating
jobs across manufacturing, distribution and hospitality across
the States.
“Scotch whisky is an example of the mutually beneficial trade
which can be generated between Scotland and the United States.
Scotch whisky is a quarter of all Scottish exports to the US. But
it is not one way traffic across the Atlantic, with the industry
working hand in glove with US partners to grow exports and inward
investment to Scotland. It is this spirit of partnership which we
are united in promoting.”