"Last year’s abolition of import duty on wine saw a 90 per cent increase in wine imports over 2007. While the global economic downturn has put pressure on Australian wine exports, China and Hong Kong continue to provide a silver lining, recording strong value growth. In the year ending January 2009, wine exports to China and Hong Kong increased by 34 per cent (up A$18 million) and 20 per cent (up A$6 million) respectively, according to the Australian Wine and Brandy Corporation.
"Hong Kong is rapidly becoming a major Asian hub for the international wine industry, a role that will bring with it jobs and investment, and discussions are under way to further the collaboration on wine trade between Hong Kong and Australia.
"The Hong Kong Trade Development Council held its first international wine fair last August, attracting more than 240 international wine merchants from more than 25 countries, and over 40 Australian wineries were represented there."
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