Scotch whisky to get cheaper as tariffs halved under India-UK FTA

Scotch whisky imports from the UK are set to get cheaper for Indian consumers, with tariffs slashed from 150 per cent to 75 per cent as India and the UK have signed the Comprehensive Economic and Trade Agreement (CETA).

- STATESMAN NEWS SERVICE

Notably, the landmark agreement does not impose minimum import price (MIP) rules on Scotch imports, which had been a key demand of India's domestic industry. Once the deal is ratified domestically by the two countries, India will immediately reduce tariffs by half to 75 per cent, and then to 40 per cent over ten years. While tariffs on Indian exports of beverages, spirits, and vinegar have been eliminated entirely, non-tariff barriers are likely to remain.