VINE - Ireland is set to be the first nation to require alcohol warning labels

2023-05-22 14:12:55 ET

Ireland passed legislation on Monday that will make it the first country in the world to require health warnings on alcohol products. The warning labels are expected to detail the dangers of drinking while pregnant, related cancer information, and the risks of liver disease from drinking.

The new legistation, which was signed into law by health minister Stephen Donnelly, also includes a requirement that alcohol warnings be posted at pubs and restaurants where alcohol is served. However, it will be a few years before any impact may be felt in the industry, with the new legislation not scheduled to go into effect until May of 2026.

"This law is designed to give all of us as consumers a better understanding of the alcohol content and health risks associated with consuming alcohol," noted Donnelly. Irish health department officials have also maintained the regulations only bring alcohol products in line with requirements for food packaging.

The Ireland alcohol warning plan has already seen protests from Italy, Spain and six other EU member states due to the potential issues it could create. Outside the EU, complaints about the new requirement have also been filed with the World Trade Organization by UK, US, New Zealand, Australia, Mexico, and Cuba.

Dublin, Ireland is the world headquarters of Diageo's ( DEO ) Guinness beer brand and Pernod Ricard's ( OTCPK:PDRDF ) Jameson whisky brand.

Alcohol-related stocks: Splash Beverage ( SBEV ), Molson Coors ( TAP ), Boston Beer Company ( SAM ), Anheuser-Busch InBev ( BUD ), Vintage Wine Estates ( VWE ), Winc ( OTC:WBEVQ ), Fresh Vine Wine ( VINE ), Duckhorn Portfolio ( NAPA ), Constellation Brands ( STZ ).

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