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UK-India trade deal cuts whisky tariffs in half
The UK has just signed a major £26 billion trade deal with India, and for the Scotch whisky industry, this is a breakthrough moment.
For the first time, India has agreed to reduce its notoriously high tariffs on imported Scotch whisky. Tariffs will initially drop from 150% to 75%, with a further phased reduction to 40% over the next 10 years, dramatically improving access to one of the world’s most promising consumer markets.
India is already the largest whisky market in the world by volume, and this change is expected to unlock hundreds of millions in new export value. The Scotch Whisky Association projects growth of up to £1 billion over the next five years.
For collectors, the implications are clear. Greater demand from India could increase the global appeal and resale value of certain casks. With improved market conditions and a fresh wave of international interest expected, this development strengthens the long-term outlook for whisky collections.
Click here to read the full BBC article
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