Us Wants India To Lower Wine Tarrifs

The US government is behind the World Trade Organisation's bid to persuade India to lower trade barriers on wine. The Wine Institute represents over 1000 Californian wineries & supports a recent US government request to the WTO to reduce 'India's prohibitive duties on US wine & distilled spirits,' said Joe Rollo, spokesman for the WI. India imposes 'multiple layers' of additional duties on imports of wine & distilled spirits, Rollo said 'on top of its basic custom duties'. This results in total duties between 150 & 550%, despite its WTO commitment that tariffs not exceed 150%. A reduction in tariffs would really open the potentially explosive opportunity in the world's largest democracy. India is considered an important emerging market for wine, for both the US & Europe, but high tariffs 'have suppressed sales there to date,' according to a press release from the Wine Institute. The European Union requested WTO action on the same issue last year.

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www.Decanter.com 22 March 2007
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Container glass
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C 3280

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Us Wants India To Lower Wine Tarrifs
www.Decanter.com 22 March 2007
C 3280
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