India deal will boost demand for malting barley in the UK

게시됨 2025년 5월 8일

Tridge 요약

The UK and India have agreed on a trade deal that will see reduced tariffs on British goods, including whisky, with the potential to boost demand for malting barley in the UK. India is the largest importer of Scotch whisky and the deal could increase whisky exports to India by £1 billion over the next five years. The tariffs on British whisky exports to India are set to be halved to 75% and are expected to further reduce to 40% after 10 years. This could offset potential declines in demand from the U.S. market due to new trade restrictions. The deal could also provide support to British barley farmers.

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원본 콘텐츠

The United Kingdom and India reached a trade agreement on May 6, 2025, after three years of negotiations, which includes reduced tariffs on various British goods exported to India, notably whisky. This deal could boost demand for malting barley in the United Kingdom, as India is the largest importer of Scotch whisky by volume, purchasing 192 million bottles in 2024. According to the Scotch Whisky Association (SWA), the agreement has the potential to increase whisky exports to India by £1 billion over the next five years. Previously, tariffs on British whisky exports to India stood at 150%, but the new deal halves them to 75%, with a further reduction to 40% expected after 10 years. This is a significant relief for the industry, particularly amid recent U.S. tariff hikes, as the United States had long been the top importer of PMID whisky by value. The SWA describes the deal as “transformational,” suggesting it could offset potential declines in demand from the U.S. market due to ...

출처: UkrAgroConsult