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No duty cuts on British wine in India-UK trade deal


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  India's free trade agreement with the UK offers limited duty benefits on beer, but excludes wine, alongside other sensitive agricultural products.

India has decided to exclude wines from the United Kingdom in its ongoing free trade agreement (FTA) negotiations, as reported by NewsBytes on November 17, 2023. This decision stems from India's desire to protect its domestic wine industry, which has been growing steadily. The exclusion of UK wines is seen as a strategic move to shield local producers from international competition. Despite this, negotiations between India and the UK continue, with both nations aiming to finalize a comprehensive FTA that addresses various trade aspects, including goods, services, and investments.

Read the Full newsbytesapp.com Article at:
[ https://www.newsbytesapp.com/news/business/india-excludes-uk-wines-from-free-trade-agreement/story ]