Liberalisation of Wine Trade under India-Australia CECA

June 1, 2022

Over the last ten years, trade discussions and engagement between India and Australia have intensified at several levels – bilateral, regional and multilateral. In the year 2020, Australia and India decided to re-launch their comprehensive trade agreement negotiations, which was launched in May 2010, but was later put on hold after nine rounds of negotiation. The two countries continued to engage under the Regional Comprehensive Economic Partnership (RCEP) agreement, but in 2019, India exited from the RCEP. Given that the two countries have re-launched their trade negotiations, the objective of this paper is to analyse the importance of ‘wine’ in the context of the India-Australia comprehensive trade agreement, identify the trade barriers and propose a mutually beneficial framework for trade liberalisation.