The decline in export value, according to Wine Australia, is due to the fact that
less wines exported to Hong Kong are routed to China, as the FTA between the two countries has gradually reduced tariffs.
Not exact matches
FTA, which is reducing import tariffs for Australian
wine into China over time, has meant that
less wine destined for mainland China is routed through Hong Kong, which has contributed to a decline in
exports to Hong Kong,» the association explained.
According to Neville Carew, MD of Origin
Wines, one of the country's major exporters and the company spearheading the campaign to increase bottling locally, one of the benefits of the new EPA will be that producers will be able to bottle locally and
export at
less than the current costs of
exporting in bulk and bottling in the EU,.
Tracking agricultural products - whether Australia's largest
export commodities (wheat,
wine or beef) or our
less common wares (goat, deer or honey)- provides producers, regulators and consumers with a range of information about where their food came from, who produced it and what additives, if any, it contains.
The entire US
wine industry
exports less than one quarter of the value of
wine to China sold by hundreds of Australian
wine companies.