India-UK CETA, EU FTA to slash duties on Scotch, EVs, olive oil and luxury goods from 2026
India-UK CETA takes effect 15 July 2026, halving Scotch whisky duty from 150% to 75% and crashing EV tariffs from 110% to 10%. The India-EU FTA, expected late 2026, will cut tariffs on European wine to 30%, olive oil from 45%, plus cosmetics, textiles and chocolates. Phased over 5-10 years across 90% of goods.
What happened
India-UK CETA enters force 15 July 2026, slashing tariffs on Scotch, British EVs, cosmetics, chocolates and seafood. India-EU FTA, due end-2026, will cut duties
Key facts
- 150% to 75% scotch duty
- EV duty 110% to 10%
- 90% goods tariff cut
- olive oil 45% duty
- wine tariff to 30%
Why this matters
Lock in distribution rights and JV terms with UK and EU luxury brands before 2026, as inbound partnership leverage will compress once tariff arbitrage becomes commoditized across the sector.