The Financial Times have today published an article on market developments for Fine Wine in India. Ditton Wine Traders, and James Swann in particular, have done extensive research on this, which has been used by the FT for this article.
As you may know, negotiations are going on between the EU and India to draw up a new Free Trade Agreement (FTA). Apparently, consensus has already been reached on fine wine, one of the industries covered by the FTA. At this stage, we don't know what has been agreed to but it is clear that, if import duties on fine wine in India would be reduced, there could be a massive boost for the fine wine industry.
We will be closely following developments and will post the full insights we have gained through our research here on the blog. Stay tuned.
We are also tweeting about the Free Trade Agreement. Do follow us on @DittonWineTrade with hashtag #IndiaEUFTA.
Below is the FT article in print. You can also download the article here