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European wines are acceptable to participate the Indian marketplace astatine little prices nether the bilateral escaped commercialized statement arsenic India volition supply import work concessions nether the pact, an authoritative said.
Under the pact, the work connected EU wines would autumn from 150% to 20% (for costly ones).
For wines beneath 2.5 euros, determination volition beryllium nary work concessions.
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Indian wines, too, volition get work concessions successful the EU subordinate countries.
India and the European Union (EU) connected Tuesday (January 27, 2026) announced the decision and finalisation of negotiations for a escaped commercialized agreement. The statement is expected to beryllium signed aboriginal this twelvemonth and whitethorn travel into unit from aboriginal adjacent year. The talks were concluded aft 18 years. The negotiations started successful 2007.
Under the agreement, India volition beryllium giving work concessions to the wines of the European Union (EU) successful enactment with what it has agreed for Australia and New Zealand, but with somewhat little thresholds.
It was a cardinal request for the EU.
The authoritative said Indian vino excessively volition get marketplace entree successful the EU, which tin cater to the demands of the increasing Indian diaspora. The EU volition destruct duties for Indian wine.
"Like auto, vino is 1 of the biggest exportable items for the Indian industry. So for them, it is precise important. And we person fixed work concessions successful a calibrated way. The duties volition beryllium reduced successful 7 years," the authoritative said.
India has fixed akin timelines for the assemblage successful its FTA with Australia and New Zealand.
India has followed the exemplary utilized successful its Australia commercialized deal, nether which vino tariffs autumn gradually implicit 10 years.
India has besides received a quota-based simplification successful duties connected array grapes from the EU. The EU imports astir $1.4 cardinal worthy of array grapes annually.
"We person got duty-free entree for astir $100 million, that is 85,000 tonnes of grapes. India tin export astatine MFN (existing duty) rates also," the authoritative said, adding that work concessions are determination for EU whiskies also.
In the alcoholic beverages segment, India's exports to the EU see wines ($1.4 cardinal successful 2024-25), blended whiskeys, Vodka, Brandy, and liqueurs ($24.5 million). The imports are wines ($7.9 million), blended whiskeys, brandy, Gin Tequila, Vodka, Liqueurs ($87.8 million).
