15 March, 2008 |

Hong Kong will become “wine capital of Asia”

Hong Kong wishes to get reputation of “wine capital of Asia”: authorities of this independent administrative area of China have declared about complete canceling of tax gathering on wine. Before this its size made 40 %. In result of tax gathering cost canceling for wine in Hong Kong is to become the lowest in Asia. Such measure is undertaken to transform Hong Kong into the large international center of wine trade, alongside with London and New York.
The annual market of wine in Asian-Pacific region, except for Japan, is estimated in $7 billion. According to experts’ forecasts, consumption of this alcoholic drink in Asia will grow by significant rates, first of all in China: till 2017 the volume of import of wine in China will increase up to 50 million boxes a year from present two millions.
 

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