Wine Australia has welcomed the announcement that the Australian and Indian Governments have signed the Australia–India Economic Cooperation and Trade Agreement (AI ECTA).
When the AI ECTA enters into force, preferential tariff treatment will be afforded to premium Australian wine imported to India, making Australia the first major wine producing country to negotiate such arrangements.
Wine Australia General Manager Corporate Affairs and Regulation Rachel Triggs said, "There is potential for growth in the sale and consumption of Australian wine in India with Australia already having the greatest share of the imported wine market. In particular, the AI ECTA will make India a more viable proposition for small to medium winemakers who have not previously contemplated entering into that market.
