The UK seeks duty cut on Scotch whisky
Expects India to cut its 150% basic customs duty on scotch whisky under a Free Trade Agreement
It would open up Britain’s third-largest exports market for scotch whisky by volume
Currently, France and the U.S lead the scotch whisky export market
Scotch whisky makes up just 1% of India’s 300 million-case liquor market
Both U.K and India are deepening their trade ties through an ‘Enhanced Trade Partnership’
Brexit helped the UK foster trade with high-growth emerging markets like India
Import tariff reduction would help scotch producers who face a 23% drop in exports value in 2020 to £3.8 Bn
