New Delhi:
The most popular Bourbon Whiskey from America, known for its touch of sweetness, has a sweet deal in India. Hours before Premier Modi Held Bilateral Conversations with US President Donald Trump, where the two leaders discussed trade and rates between different issues, India reduced import duties on Bourbon Whiskey by no less than 66.6 percent – making it effective the costs currently.
In the days and weeks prior to the most important meeting between the two world leaders, India warmed up to negotiate mega trade agreements with the US by announcing significant tariff reductions on various American products as a gesture of promoting trade.
The mass decrease in customs on Bourbon Whiskey – from 150 percent to 50 percent – was informed on 13 February by the Department of Revenue. However, the reduction of rates is specific to Bourbon Whiskey. All other imported alcoholic beverages continue to attract 100 percent import obligation.
American Bourbon Whiskey accounts for a fourth or 25 percent of all such drink imports in India. In 2023-24, India Bourbon Whiskey imported the value of USD 2.5 million. The most important exporting countries include the US (USD 0.75 million), the VAE (USD 0.54 million), Singapore (USD 0.28 million) and Italy (USD 0.23 million).
During a press conference at the start of his meeting with Prime Minister Narendra Modi, US President Donald Trump “Premier Modi is a great leader”, adding that “we will conclude a number of wonderful trade agreements for India and the US.”
The two leaders held a new press conference immediately after the bilateral conversations where High Trade on the agenda. Because he is asked by a reporter about who is a more difficult negotiator, Donald Trump said: “He (PM Modi) is a much more difficult negotiator than me and he is a much better negotiator than me. There is not even a competition.”
In a joint statement issued by both countries, India and the US have promised more than double the two -way trade to USD 500 billion by 2030 and have announced plans for a bilateral trade agreement with a view to reducing tasks and access to the market in both countries.
What is Bourbon Whiskey?
Bourbon is a kind of American whiskey made of corn. It is known for its mild sweet taste. At the age of charred oak barrels, Bourbon is made with at least 51 percent maize – this is what it gives its clear taste. Just like how Scotch Whiskey can be made technically alone in Scotland, Bourbon Whiskey can also be made technically only in the United States.
In 1964, Bourbon was recognized by the American congress as a ‘distinctive product of the United States’. The largest Bourbon distillers in the United States come from the States Kentucky and Tennessee.
Big brands of Bourbon Whiskey that are available in India are Jack Daniel’s, Jim Beam, Woodford Reserve, Maker’s Mark, Gentleman Jack and Old Forester.