India a 'slow burn' for fine wine despite tax hope
India a 'slow burn' for fine wine despite tax hope
Jun 5, 2012 6
(Decanter) - India will be a 'slow burn' for wine merchants and investors, even if the country does sign a free trade agreement with the European Union, experts believe. The European Commission is pressing India to cut a 150% federal import tariff on wine as part of a trade deal, which the two sides hope to sign by the end of 2012. That would give India's emerging middle class greater access to top Bordeaux and Burgundy wines.
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