EU Wines to Get Cheaper in India as FTA Promises Duty Cuts

• India and the EU have concluded FTA negotiations, promising duty concessions on EU wines.
• Duties on expensive EU wines (above 2.5 Euros) will drop from 150% to 20% over seven years.
• This move aligns with concessions given to Australia and New Zealand, with slightly lower thresholds for the EU.
• Indian wines will also receive duty concessions for exports to EU member countries, benefiting the Indian diaspora.
• India has secured duty-free access for 85,000 tons of grapes to the EU, worth approximately $100 million.

Why It Matters: Expensive EU wines will become significantly cheaper in India due to new FTA duty reductions.