India-UK CETA live July 15: Scotch duty crashes 150% to 40%, autos to 10%
Bilateral pact opens £25.5B trade corridor with 99% tariff lines duty-free. Indian bottlers gain cheaper Scotch inputs; UK premium auto and cosmetics imports cheapen. Reciprocal access unlocks UK shelves for Indian textiles, leather, jewellery, footwear with £400M first-year duty savings.
India-UK CETA enters force July 15, 2026, slashing Scotch whisky duties from 150% to 40%, auto tariffs to 10%, and cosmetics duties, lowering input costs for Indian bottlers and opening UK access for Indian textiles, leather, jewellery and footwear exporters.