Word: trade
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Dates: during 2000-2009
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...national debates he may spark. Nevertheless, Obama will be coming home to a state struggling with the sour taste of recession. Although a forecast this month by University of Hawaii economists predicted that the new year will bring improvement, unemployment hovers at 7% and, for the all-important tourist trade, visitor arrivals are down 4.2%. Perhaps worse, at least among the parents of 170,000 public schoolchildren, is the national scolding Hawaii received by U.S. Education Secretary Arne Duncan after Hawaii Gov. Linda Lingle closed schools on Fridays to deal with a projected budget deficit of $1 billion...
...Scotch. India is the largest whiskey market in the world, so American whiskey producers figure they've got a head start in India compared to other new markets. "Indians are preordained whiskey drinkers," says Frank Coleman, senior vice president of the Distilled Spirits Council of the United States, a trade group for American spirits makers. "They've developed a taste for whiskey...
...well-established Indian brands, not imports. The U.S. exported only about $1 million worth of whiskey to India last year, just 1% of total U.S. whiskey exports and an even tinier fraction of the $7.5 billion Indian whiskey market. Coleman is hoping to change that. In October, his trade group organized a three-city tour of India to introduce Indian consumers to the pleasures of bourbon, rye and other American whiskeys. At the New Delhi event, the New York City bar legend Toby Cecchini, who is credited with inventing the Cosmopolitan, mixed classic cocktails and some with an Indian twist...
...afford to make a go in India on their own, and usually only with their premium labels. Although single-malt is a new status symbol in India, Scotch-whisky producers have been similarly frustrated in their efforts to crack the Indian market. In response to complaints at the World Trade Organization, India has lowered its base tariff, but alcohol importers and trade representatives from the U.S. and E.U. are pressuring India to lower taxes even further...
...countries for the first time since the bloody Balkan wars of the early 1990s - a move that some low-cost airlines had already anticipated by adding Belgrade and other airports to their routes. It also follows the E.U.'s decision earlier this month to unfreeze an interim trade and cooperation pact with Serbia - seen as a precursor to eventual E.U. membership...