September 26, 2014
A new deal has been signed between Hong Kong and Mainland China that will remove the need for Hong Kong wine exporters to be registered on the Chinese Mainland. The Chinese Mainland is Hong Kong’s biggest wine market with almost half of the 19.1 million liters of wine exported from Hong Kong in 2013 being shipped there. The deal will reduce clearance times at Mainland ports, however Hong Kong re-importers will need to be registered with the Hong Kong Trade Industry Department to benefit from the changes. In addition a web-based system has been established to help Hong Kong exporters meet requirements. Overall, the new deal will bring an increased level of efficiency and transparency to Asian wine trade and will position Hong Kong as an easier place from which to ship wine to Mainland China.
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