In a notable development in the world of whisky, the Cask Whisky Association (CWA) has made its debut, aiming to create a secure environment for whisky enthusiasts and customers involved in cask buying and selling.
The CWA’s Mission
The primary objective of the CWA is to establish and promote best practices in cask whisky ownership and sales, safeguarding the interests of both whisky customers and the broader whisky industry. Colin Hampden-White, Chairman of the Advisory Board, highlights the CWA’s role in protecting customers from unethical practices and ensuring fair pricing for independent bottlers.
Support for the CWA
Wendy Chamberlain MP, Chair of the Scotch Whisky All-Party Parliamentary Group, acknowledges the importance of the CWA in enhancing consumer protection. Lord Richard Harrington also recognises the value of industry collaboration to address regulatory gaps. The CWA has received support from Members of Parliament across different political affiliations, highlighting the need for adequate protections for both consumers and collectors.
The CWA is actively exploring collaboration and cooperation with organisations such as the Scotch Whisky Association (SWA), the Worshipful Company of Distillers, and the Advertising Standards Authority (ASA). Additionally, the association is in the process of petitioning The Bonded Warehouse-keepers Association (The BWA) to work together in addressing sector-related challenges.
Insights from Whisky Experts
Hans Offringa, an established whisky expert and author, serves on the CWA’s advisory board. He emphasises the importance of buying whisky through reputable companies and advocates for certification and licensing. The Cask Whisky Association seeks to provide a quality benchmark for those considering whisky investments, protecting them from questionable market practices.
Joining the CWA
The CWA has opened its membership to UK-based, financially stable companies that adhere to strict quality standards and possess the necessary licenses. Membership applications will be reviewed semi-annually by the executive board and overseen by the independent advisory board.
As the CWA enters the whisky industry landscape, its role and impact remain to be seen. Its future will be closely monitored by enthusiasts and stakeholders alike.