WTO TAKES UP U.S. CASE AGAINST INDIA
The WTO has agreed to investigate U.S. grievances against Indian import duties after India blocked an initial request earlier this month.
India's basic import taxes on wine are 100%, while the tariff on spirits is 150%, both within WTO limits. However, various government surcharges take the tariffs up to levels reaching as high as 550%, depending on the Indian state. The state of Tamil Nadu shuts out foreign alcohol altogether.
India is one of the largest markets for alcohol in the world, but high import duties on American alcohol (like Napa wines and Jack Daniels) keeps exports relatively low.
The WTO is also reviewing an EU legal challenge.
India's basic import taxes on wine are 100%, while the tariff on spirits is 150%, both within WTO limits. However, various government surcharges take the tariffs up to levels reaching as high as 550%, depending on the Indian state. The state of Tamil Nadu shuts out foreign alcohol altogether.
India is one of the largest markets for alcohol in the world, but high import duties on American alcohol (like Napa wines and Jack Daniels) keeps exports relatively low.
The WTO is also reviewing an EU legal challenge.
posted at 12:06 PM
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