India-UK CETA live July 15: whisky duty halved, car tariffs slashed, British brands eye Indian shelves
Steel quota deal clears the path for CETA rollout. UK whisky duty drops 150%→75% (40% over 10 years), auto tariffs fall from 110% to 30-50% under a 20,000-car quota scaling to 37,000 by year 5, and sub-£40,000 EVs go duty-free from year 6. Average UK tariff into India falls 15%→3%; bilateral trade target $120bn by 2030.
India-UK CETA enters force July 15 after steel quota deal. Tariff cuts on UK whisky, cars, cosmetics, soft drinks open Indian retail shelves to British brands; auto duties drop from 110% to 30-50% with 20,000-car quota.