India Lowers Bourbon Whiskey Import Duty to 100% in US Talks
India Has Maintained High Import Duties On Whiskey For
Over 20 Years
, But This Latest Move Marks A Major Shift In
Trade Policies
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With Tariffs Dropping From
150% To 100%
, American Whiskey Brands Will Now Be Cheaper For
Indian Consumers
.
India Is The
World's Largest Consumer
Of Whiskey, Making It A Prime Market For
US Bourbon Producers
.
The Reduction In
Tariffs
Was A Key Demand From
US Trade
Officials During Negotiations With India.
Experts Speculate That India May Further Reduce Whiskey
Import Duties
In Future Trade Deals.
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While
Bourbon
Saw A Tariff Reduction, Scotch Whiskey And Other International Spirits Remain
Heavily Taxed
.
Kentucky
, Home To 95% Of The World’s
Bourbon Production
, Is Set To Benefit The Most From This Decision.
With Lower Tariffs,
American Whiskey
Exports To India Are Projected To Grow Significantly In
The Next Few Years
.
Lower Tariffs Mean More Premium American Whiskey Brands Will Enter The
Indian Market
.
With Reduced Costs,
High-End Bars
&
Hotels
Can Now Offer More American Whiskey Options To Their Patrons.