India-EU Trade Deal: Cheaper European Beer, Wine, Whisky on the Horizon?
Lifestyle
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News18•28-01-2026, 18:00
India-EU Trade Deal: Cheaper European Beer, Wine, Whisky on the Horizon?
- •The India-EU Free Trade Agreement (FTA) aims to cut or eliminate tariffs on 96.6% of EU goods, saving European exporters approximately €4 billion annually.
- •Tariffs on European beer imports will drop from 110% to 50%, while non-alcoholic beer becomes tariff-free.
- •Wine import tariffs will be reduced significantly: 20% for premium wines and 30% for mid-range wines, down from 150%.
- •Spirits like whisky, vodka, rum, and gin will see tariffs fall from 150% to 40%.
- •This deal is expected to make European alcoholic beverages more accessible and affordable for Indian consumers, especially in urban areas.
Why It Matters: The India-EU FTA will drastically cut tariffs on European alcohol, making premium brands more affordable for Indian consumers.
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