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telegraphindia.com 13 Sep, 2021 00:00 am

UK-India Business Council seeks import duty cut on Scotch whisky

UK-India Business Council seeks import duty cut on Scotch whisky
The negotiations for FTA are expected to start later this year

UK-India Business Council seeks import duty cut on Scotch whisky The negotiations for FTA are expected to start later this year The UKIBC wants to align the tariff on medical devices to the average WTO (World Trade Organization) rate of 4.21, 01:14 AM The UK-India Business Council (UKIBC) has proposed the reduction of Indian import duty on Scotch whisky and medical devices along with the alignment of standards and intellectual property protection in the foreign trade agreement between India and the UK.Advertisement Besides, the UKIBC wants to align the tariff on medical devices to the average WTO (World Trade Organization) rate of 4.On the basis of its discussions, the UKIBC has recommended reduction in tariffs, including on alcoholic spirits and medical devices and reduction of non tariff barriers through the alignment of standards.

The negotiations for FTA are expected to start later this year.The focus should be on improving the ease of doing business in parallel to the FTA negotiations.

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