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Searched Tag: ciabc

A not-so-spirited deal for local alcohol makers

May 16, 2025, 04:00 PM - 3 min read

India’s agreement to halve UK’s whisky and gin tariffs under the new FTA could hurt domestic makers, says CIABC

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The Confederation of Indian Alcoholic Beverage Companies (CIABC) has lauded the implications of the free trade agreement between India and the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland.

CIABC projects flourishing domestic wine sector in wake of India-EFTA deal

March 11, 2024, 06:29 PM - 2 min read

According to details outlined in the agreement documents, wines imported from EFTA countries will witness duty concessions akin to those extended to Australia. Notably, there will be no concessions for wines priced below USD 5. However, for wines priced between USD 5 and USD 15, a gradual reduction in duties from 150% to 50% over a decade is anticipated.

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