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India, Australia trade talks hit dairy, wine tariff hurdles as year-end deadline looms, say sources

  • India and Australia are facing hurdles in their trade talks involving dairy and wine tariffs as negotiations on a broader trade agreement have slowed down.
  • India's reluctance to make concessions on dairy and agriculture products due to pressure from powerful farm groups and political sensitivities is a key sticking point.
  • Under the interim trade pact, tariffs on Australian wine were reduced, but Australia is pushing for further cuts and better access for dairy products in the Indian market.
  • Despite the challenges, officials from both countries remain hopeful that the Comprehensive Economic Cooperation Agreement (CECA) negotiations could lead to a boost in bilateral trade and economic partnership.

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