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FTA: 'No adverse effect on auto, liquor sectors'
The New Indian Express Tirupati
|May 09, 2025
Govt sources dismiss fear raised by the industry players that proposed reduction in tariff would hurt the 2 sectors
DISMISSING the concern raised by the alcoholic beverages and auto industries over proposed import tariff reduction, the government sources have said that resistance from these two sectors had been holding up a very progressive free trade agreement (FTA) with the UK for a long time.
A top government official told this newspaper that the UK free trade agreement would not affect the two sectors adversely. Citing the example of the liquor industry, the government official said that more scotch whiskey is sold in India than it is produced in Scotland.
This story is from the May 09, 2025 edition of The New Indian Express Tirupati.
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