Cheaper Chocolates, Cosmetics, Soft Drinks from UK No Threat to India’s Local Industry

 India’s Free Trade Agreement (FTA) with the United Kingdom will allow imports of cosmetics, soft drinks and chocolates at concessional duties but officials ruled out any surge in their shipments that could impact domestic industry. However, Scotch whisky imports are expected to grow as India has halved the tariffs to 75% immediately and 40% after ten years of the said agreement.

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