Cut import duty in phased manner under India-UK trade pact on alcoholic beverages: CIABC

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Cut import duty in phased manner under India-UK trade pact on alcoholic beverages: CIABC - Economic Times

Quick Summary:

The Confederation of Indian Alcoholic Beverage Companies (CIABC) emphasize safeguarding Indian liquor manufacturers' interests and ensuring better market access for Indian products in the UK while addressing non-tariff barriers and preventing product dumping.

On February 24, Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Jonathan Reynolds announced resumption of negotiations for the proposed agreement.

"Countries should remove non-tariff barriers which prevent a vast majority of Indian products from entering the Western countries including the UK," he said.