Tariffs on European alcohol are getting slashed, as part of the India – EU Free trade deal 🇮🇳 🇪🇺
Premium wines drop from 150% duty to about 20%.
Mid-range wines to 30%.
Spirits fall to around 40%.
Beer drops from 110% to 50%.
More premium wine for India – the other food from Europe getting cheaper is Olive Oil.
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1 Comment
Tariffs on European alcohol are being sharply reduced under the India–EU Free Trade Deal 🇮🇳🇪🇺
Premium wines may fall from 150% duty to ~20%, spirits to ~40%, and beer from 110% to ~50%. Olive oil could also get cheaper.
This could pressure domestic alcohol makers:
• Radico Khaitan
• United Spirits
• GM Breweries
• Sula Vineyards
Potential beneficiaries:
• Indian Hotels
• Wine importers & distributors
• Avanti Feeds
• Apex Foods
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