Arab Today, arab today hong kong\s wine imports up 65 from january to august
Last Updated : GMT 16:20:11
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*

Arab Today, arab today hong kong\s wine imports up 65 from january to august Arab Today, arab today hong kong\s wine imports up 65 from january to august

 



Arab Today, arab today

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*

Arab Today, arab today hong kong\s wine imports up 65 from january to august Arab Today, arab today hong kong\s wine imports up 65 from january to august

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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