India-Australia Trade Deal A Win For Alcohol Beverage Industry
NDTV
The Confederation of Indian Alcoholic Beverage Companies welcomed the ratification of the India-Australia FTA by the Australian Parliament.
The Free Trade Agreement is a win-win for both India and Australia as it would open up the Indian market for quality Australian wines and also help the Indian wine industry evolve while further benefiting from the expertise and investment from their Australian counterparts, said Vinod Giri, Director General, Confederation of Indian Alcoholic Beverage Companies.
The Confederation of Indian Alcoholic Beverage Companies welcomed the ratification of the India-Australia FTA by the Australian Parliament and said this would take the trade ties between the two nations to newer heights.
Mr Giri said quality Australian wines would certainly benefit from easier market access to India and the Indian wine industry would gain from the technical collaboration and potential investment coming from Australia and said he was happy to add that the industries on both sides are fully supportive of the FTA and even before the FTA was ratified, the two industries have already begun collaboration through Australia Grape and Wine and CIABC.
CIABC added that the FTA envisages a time-bound resolution of the Australian laws that, in the Indian industry's viewpoint, restrict the export of Indian liquor products to Australia.
