India-EU FTA: European wines to get less expensive
The Hindu
European wines will become more affordable in India as import duties drop from 150% to 20% under the new FTA.
European wines are set to enter the Indian market at lower prices under the bilateral free trade agreement as India will provide import duty concessions under the pact, an official said.
Under the pact, the duty on EU wines would fall from 150% to 20% (for expensive ones).
For wines below 2.5 euros, there will be no duty concessions.
Also read | India-EU Summit LIVE
Indian wines, too, will get duty concessions in the EU member countries.
India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion and finalisation of negotiations for a free trade agreement. The agreement is expected to be signed later this year and may come into force from early next year. The talks were concluded after 18 years. The negotiations started in 2007.
The India-EU FTA is set to make luxury European cars cheaper in India through phased duty reductions and import concessions.
European wines will become more affordable in India as import duties drop from 150% to 20% under the new FTA.
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