Call for Lower Import Duty on Spirits in India-UK Trade Deal
The CIABC has urged the Indian government to reduce import duties on spirits under the India-UK free trade agreement. They emphasize safeguarding Indian manufacturers, while ensuring better market access for Indian products in the UK. The industry seeks cuts in Scotch whiskey duties and solutions to tackle non-tariff barriers.
- Country:
- India
The Confederation of Indian Alcoholic Beverage Companies (CIABC) is pushing for a phased reduction in import duty on spirits, as part of the anticipated free trade agreement between India and the UK.
CIABC advocates for Indian products' enhanced market access in the UK, while safeguarding domestic manufacturers' interests by addressing customs duties and other concessions.
India's alcoholic beverage exports reached USD 390 million in 2023-24, highlighting the economic significance of the sector, which contributes substantial revenue to both state and central governments.
Google News