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Indian liquor makers seek balanced trade terms amid U.S. tariff cuts, fearing unfair advantages and domestic harm.
Indian spirits makers, through the CIABC, are urging the government to ensure fairness in the new India-US trade deal, which slashes tariffs on U.S. spirits and wine.
While welcoming lower import duties, they warn that rapid cuts without addressing non-tariff barriers, state-level tax advantages for imports, and high domestic costs could harm local producers.
They stress the need for a phased approach, anti-dumping safeguards, and better access to foreign markets for Indian liquor.
Despite U.S. spirits having less than 0.1% market share in India, the industry seeks balanced, equitable terms to protect domestic manufacturers.
Los fabricantes de licor de la India buscan términos comerciales equilibrados en medio de recortes arancelarios de los Estados Unidos, temiendo ventajas injustas y daños internos.