By Raveena Kumari 
European wines are set to become more affordable in India following the India–European Union Free Trade Agreement (FTA), as the government has agreed to significantly reduce import duties on select wine categories.
According to official sources, import duty on premium European wines will be slashed from 150% to 20% under the landmark trade pact. The move is expected to boost bilateral trade, increase consumer choice, and strengthen economic ties between India and the European Union.
However, the duty concessions will apply only to higher-priced wines. Wines priced below €2.5 will not receive any tariff reduction, officials clarified.
What the India-EU FTA Means for Consumers
Premium European wines likely to become cheaper in India
Wider availability of imported wines in Indian markets
Increased competition in the domestic wine industry
The India-EU FTA is being hailed as a major step toward enhancing trade cooperation between the two economies, covering goods, services, and investment. The agreement is expected to benefit multiple sectors, including automobiles, pharmaceuticals, textiles, and food & beverages.
Industry experts believe the tariff cut on wines could encourage premium consumption while maintaining protection for low-cost domestic producers.
Shalu Shalu