‘India should prepare its exporters to deal with compliance norms of EU’s deforestation regulation’

“Indian exports may take a bigger hit than exports from other competing countries to the EU because of India’s higher deforestation rate,” the report said, adding India’s exports will also be affected by the complex compliance requirements of the EUDR and the EU’s Foreign Subsidies Regulation (FSR).

A TOI report on Monday showed that this $1 difference in the MIP could lead to a significant bump in the shipment of popular brands like Johnnie Walker Black Label and Chivas Regal into India. Domestic players are of the opinion that India should agree to an MIP of $4 a bottle, instead of $5 […]