hong kong\s wine imports up 65 from january to august
Last Updated : GMT 18:08:33
Arab Today, arab today
Arab Today, arab today

Hong Kong\'s wine imports up 65% from January to August

Arab Today, arab today

Arab Today, arab today Hong Kong\'s wine imports up 65% from January to August

Hong Kong -Xinhua

Benefiting from exemption of wine customs tax, for the first eight months this year, Hong Kong\'s total wine imports amounted to 6.7 billion Hong Kong dollars (0.86 billion U.S. dollars), up 65 percent from a year ago, said the Hong Kong Trade Development Council (HKTDC) here on Monday. After the lifting of wine customs tax in Hong Kong since 2008, wine-related business has been witnessing a robust development, with great opportunities found for local wine trading and related sectors, said Benjamin Chau, deputy executive director of HKTDC, at a press conference held in the day. Statistics showed that wine import to Hong Kong, which just amounted to 2.9 billion HK dollars in 2008, jumped to seven billion HK dollars in 2010, a growth of over 140 percent in the three-year span. Meanwhile, after overtaking New York to become the world\'s largest wine auction center last year, Hong Kong\'s transaction amount of wine auctions for the first half of 2011 reached 250 million HK dollars, larger than the total transaction amount for New York and London combined for the same period. \"Hong Kong\'s customs elimination measures, together with the strong demand for wine in Asia, has resulted in Hong Kong\'s becoming the business hub for world\'s wine producers, old and new, in order to en route to the various major markets with huge growth potential,\" Chau said. In 2010, the wine consumption in Asia was over 128 billion HK dollars, and is expected to leap by over 150 percent to 330 billion HK dollars by 2015, in which, Chinese mainland, a promising market expanding at a faster pace, may record for 304 billion HK dollars\' wine consumption from 107.6 billion HK dollars in 2010. Hong Kong, as a gateway to the mainland, surely would play an important role in the future development of the mainland wine market, added Chau. In the press conference, Chau also introduced the coming international wine fair, which is to be held at the Hong Kong Convention and Exhibition Center on Nov. 3-5, inviting about 930 exhibitors from 37 countries and regions, up 37 percent from last year. Italy, acting as \"partner country\" at the fair, has the biggest group pavilion this year, with over 200 exhibitors. Apart from exhibitors from \"traditional\" wine product countries like France, Spain, and Australia, some \"new faces\" from Georgia, Israel, Latvia and Malta would also show up at the fair. (1 U.S. dollar is equivalent to 7.78 HK dollars)  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hong kong\s wine imports up 65 from january to august hong kong\s wine imports up 65 from january to august

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hong kong\s wine imports up 65 from january to august hong kong\s wine imports up 65 from january to august

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday