Resolve issues on liquor, or trade deals will be lopsided: CIABC's Giri

CIABC director-general Vinod Giri tells Indivjal Dhasmana on India-Australia agreement on wine, interim trade deal and issues on spirits

Confederation of Indian Alcoholic Beverage Companies (CIABC) director-general Vinod Giri represented Indian industry, which provided key inputs on wine and spirits for an interim trade deal with Australia. While an agreement has been reached on wine, there are still issues to be resolved on spirits. Giri tells Indivjal Dhasmana that the Australian side acknowledges India’s concerns on the non-tariff barrier imposed by that country.  Edited excerpts:

The price point in the interim trade deal with Australia is $5 per 750 ml bottle of wine. How will that protect Indian companies?

This means that tariff reduction in the deal is applicable