Domestic of China Wine Industry Jittery over EU Demand to Reduce Import Duty

The demand made by the European Union (EU) to reduce import duty levied on European wine by the Indian government is sending jitters through the domestic wine industry. The Indian Grape Processing Board (IGPB) fears a cut in the duty would harm the domestic industry.

Following the EU demand, the central government is planning to reduce import duty on wine from the current 150 per cent to 40 per cent.