Scotch whisky could get cheaper in India: Here's why

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British government believes that the 'bold new deal' would put UK businesses at the front of the queue to supply India's growing middle class, with Scotch whisky set to benefit

 

Scotch whisky producers of the United Kingdom are in high spirits after India and UK launched negotiations on an ambitious Free Trade Agreement (FTA) on Thursday.

The deal between the two countries could bring huge benefits for Scotch whisky producers, as the Boris Johnson government is striving to slash duties of up to 150% on whisky exports, offering a boost to distilleries and the whole spirits industry.

Already hoping that the new year will reduce the longstanding 150% tariff on Scotch Whisky in India, the producers raised a toast as Minister of Commerce and Industry Piyush Goyal and UK's International Trade Secretary Anne-Marie Trevelyan formally started talks on the deal in New Delhi yesterday.

With India being one of the world's biggest and fastest-growing economies, the British government believes that the 'bold new deal' would put UK businesses at the front of the queue to supply India's growing middle class, with Scotch whisky set to benefit.

"Launching UK/India trade talks offers a golden opportunity to reach an ambitious tariff reduction in an early harvest deal that could grow Scotch Whisky exports to India by £1 billion over five years," said Mark Kent, the Chief Executive of the Scotch Whisky Association, the trade body that represents the Scotch Whisky industry.

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