New Delhi:
America’s hottest bourbon whiskey, identified for its trace of sweetness, has acquired a candy deal in India. Hours earlier than PM Modi held bilateral talks with US President Donald Trump, the place the 2 leaders mentioned commerce and tariffs amongst a number of points, India slashed import responsibility on bourbon whiskey by as a lot as 66.6 per cent – successfully making it one-third the price it’s at present.
Within the days and weeks main as much as the important thing assembly between the 2 international leaders, India warmed as much as negotiating mega commerce offers with the US by asserting important tariff cuts on a number of US merchandise as a gesture of selling commerce.
The large drop in customs responsibility on bourbon whiskey – from 150 per cent to 50 per cent – was notified on February 13 by the Division of Income. The discount in tariffs nevertheless, is particularly for bourbon whiskey. All different imported alcoholic drinks will proceed to draw 100 per cent import responsibility.
American bourbon whiskey accounts for as a lot as one-fourth or 25 per cent of all such liquor imports in India. In 2023-24, India imported bourbon whiskey value USD 2.5 million. The key exporting nations embody the US (USD 0.75 million), UAE (USD 0.54 million), Singapore (USD 0.28 million) and Italy (USD 0.23 million).
At a press briefing in the beginning of his assembly with Prime Minister Narendra Modi, US President Donald Trump mentioned “Prime Minister Modi is a good chief,” including that “We will make some great commerce offers for India and the US.”
The 2 leaders held one other press convention instantly after the bilateral talks the place commerce for prime on the agenda. On being requested by a reporter about who’s a more durable negotiator, Donald Trump mentioned, “He (PM Modi) is a a lot more durable negotiator than me and he’s a significantly better negotiator than me. There’s not even a contest.”
In a joint assertion issued by each nations, India and the US have pledged to greater than double the two-way commerce to USD 500 billion by 2030 and introduced plans for a bilateral commerce settlement with a view to deliver down duties and improve market entry in each nations.
WHAT IS BOURBON WHISKEY?
Bourbon is a kind of American whiskey which is produced from corn. It’s identified for its gentle candy style. Aged in charred oak barrels, bourbon is made with no less than 51 per cent corn – that is what provides it its distinct flavour. Identical to how Scotch whiskey can technically solely be made in Scotland, bourbon whisky can also technically be made solely in america.
In 1964, Bourbon was recognised by the US Congress as a “distinctive product of america.” The most important bourbon distillers in america are from the states of Kentucky and Tennessee.
Main manufacturers of bourbon whiskey which can be found in India embody, Jack Daniel’s, Jim Beam, Woodford Reserve, Maker’s Mark, Gentleman Jack, and Outdated Forester.