Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
ICRIER study suggests tariff liberalisation for wine imports.
Jun 03, 2022
The Indian Council for Research on International Economic Relations (ICRIER) study on ‘wine trade under India Australia CECA (comprehensive economic cooperation agreement)' suggested phased tariff liberalisation for wine imports to gain market access for its exporters.
'India cannot sign trade agreements with its key export markets without reducing tariffs for alcoholic beverages and must offer phased tariff liberalisation in high growth areas like wine to gain market access for its exporters,' ICRIER has said.
The report titled, 'Liberalisation of Wine Trade under the India-Australia CECA' by Arpita Mukherjee and Drishti Vishwanath, published by Academic Foundation, focuses on the scope for liberalisation of tariffs in wines and removal of non-tariff barriers under the India-Australia comprehensive agreement (CECA), due to be signed in December 2022.
'While Indian consumers’ want access to quality wines at cheaper rates, the threshold price of bottled wine that has been liberalised under the ECTA is over US$5 and US$15 CIF. Thus, the duty reduction benefits only the upper end of wine imports and high income consumers. The rest of wine imported from Australia – about 98%, which is consumed by middle income consumers - continues to attract a duty of 150%. The report proposed a maximum threshold of USD25 per case of 9 litre/12 bottles of 750 mil / (FOB), which benefits the wine industry in both countries, reduces prices for middle-class consumers and enables the Indian hotel and tourism industry to grow,' the study report says.
Among alcoholic beverages, tariffs were the highest for wine, with the price of imported wine ranging at between 200 and 400% of the global average price. For more than two decades, countries such as Australia and the USA have expressed concerns about the high import duties, which act as a major disincentive for wine exporters from these countries/regions to India.
The report was released by Manpreet Vohra, high commissioner, High Commission of India, Canberra, Australia, Sarah Storey, deputy high commissioner, Australian High Commission, India, Kuntal Sensarma, economic advisor - MoFPI, GoI, Anil Wadhwa, former ambassador; distinguished fellow, Vivekananda International Foundation (VIF), and Dr. Deepak Mishra, director & CE, ICRIER in New Delhi.
The release was followed by a panel discussion on 'Enhancing Trade and Collaborations in Wines under the India-Australia CECA'.
fnbnews.com
Archive