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India-UK Trade Pact Opens Indian Market to Scottish Salmon and Whisky

Immediate cuts to salmon and whisky tariffs into India will bolster Scotland’s economy with fresh market opportunities ahead of the accord’s formal signing.

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Overview

  • Finalised on May 6 after three years of negotiations, the agreement is expected to be formally signed in the coming weeks
  • Tariffs on Scottish salmon exports to India have been eliminated, dropping from 33 percent to zero immediately under the pact
  • Scottish whisky duties will be halved from 150 percent to 75 percent on signing and phased down to 40 percent over the next decade
  • The deal is projected to add an extra GBP 25.5 billion annually to the current GBP 41 billion in two-way trade and will also boost sectors such as soft drinks and food
  • Prime Minister Keir Starmer and industry leaders say the agreement will secure jobs and attract inward investment, and Indian distillers have welcomed the enhanced access