India-UK CETA delay stalls Scotch whisky duty cuts for Johnnie Walker, Chivas, Glenlivet
Implementation of the India-UK trade pact faces delays as UK steel safeguards and a 14-24% CBAM carbon tax remain unresolved. The deal slashes Scotch whisky tariffs from 150% to 75% on day one, then to 40% by year 10—a major retail unlock for Diageo and Pernod Ricard brands. USD 775M in Indian exports also hang in the balance.
What happened
India-UK CETA · India-UK trade pact rollout faces delays over UK steel safeguards and CBAM carbon tax. Whisky tariff cuts (150% to 75%, then 40%) on Scotch
Key facts
- USD 775 million exports at risk
- USD 893.4 million iron/steel exports
- 150% to 75% whisky duty cut
- 40% in year 10
- 14-24% carbon tax
Why this matters
Treat the CETA delay as a window to lock JV terms, bottling capacity, and distributor equity in India before tariff cuts trigger competitive M&A repricing across the Scotch portfolio.