Thursday, December 22, 2011

US hails win in WTO against PHL alcohol barriers

http://www.gmanetwork.com/news/story/242383/economy/business/us-hails-win-in-wto-against-phl-alcohol-barriers

"The European Union and United States are the world's No. 1 and No. 2 exporters of distilled spirits, but have been all but shut out of the Philippines, one of the largest markets for alcohol in the Asia-Pacific region. The victory is expected to help US producers like Brown-Forman and Fortune Brands break into the $3.4 billion Philippines spirits market."
 
A signal to locals for more immoderate drinking? It's toast time for foreign distillers.