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.
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 on European wine, olive oil, beauty, textiles and chocolates.