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Hong Kong Wine & Spirits Fair Draws to Successful Close
Strong Asian Market Potential Uncorked

BriefingWire.com, 11/14/2017 - HONG KONG - (ACN Newswire) - The 10th edition of the Hong Kong International Wine & Spirits Fair concluded yesterday (11 November). The fair, organised by the Hong Kong Trade Development Council (HKTDC), was held from 9 to 11 November at the Hong Kong Convention and Exhibition Centre. A total of 1,070 exhibitors from 38 countries and regions presented exquisite wines from around the world.

Nearly 20,000 trade buyers from 70 countries and regions attended the three-day Wine & Spirits Fair, up 2.3 per cent from last year. Attendance from individual countries recorded encouraging growth, including the Chinese mainland, Malaysia, Vietnam, France, the United States, Australia and Chile. Over 25,000 public visitors attended the fair on Saturday when it was open to ticketed public visitors aged 18 and above. The blend of trade and public participants created a vibrant platform for business.

New mainland customs facilitation scheme to bolster Hong Kong's wine hub status

Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government, was the guest of honour at the Wine & Spirits Fair's opening ceremony. He used the occasion to announce that wine re-exported from Hong Kong would enjoy instant customs clearance in all 42 mainland customs districts with immediate effect. The measures were previously applicable to only five mainland customs districts, namely Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen.

Under the customs facilitation scheme, pre-registered Hong Kong wine traders can submit advance wine consignment information online and enjoy instant customs clearance when the consignments arrive at mainland ports. The measures apply only to wines re-exported to the mainland through Hong Kong.

Benjamin Chau, Deputy Executive Director of the HKTDC, welcomed the new measures. "Since the Government of the HKSAR eliminated all duty-related customs on wine and implemented special clearance measures under CEPA (Closer Economic Partnership Arrangement) in 2008, Hong Kong has developed into a wine trading and distribution centre for the region. In particular, Hong Kong has become a platform for trading wine with the mainland, which has long been the largest market for wines re-exported from the city. As the facilitation measures have now been extended to all customs districts, our wine traders will enjoy faster customs clearance and greater certainty when re-exporting wines through Hong Kong," said Mr Chau.

"Adding to our advantages such as advanced infrastructure, transportation networks and experienced industry professionals, the new measures will further bolster Hong Kong's standing as a wine trading hub by attracting more global wine traders to access the mainland market through the city."

To continue, please go to http://www.acnnewswire.com/press-release/english/39628/hong-kong-wine-&-spirits-fair-draws-to-successful-close.

 
 
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