HK wine fair opens on a high

8th November, 2012 by Patrick Schmitt

Hong Kong’s growing stature as Asia’s wine hub was stressed today at the opening ceremony of the city’s annual wine and spirits exhibition.

The Hong Kong wine fair has openedSpeaking this morning, Hong Kong’s financial secretary John Tsang Chun-wah said the total value of wine imports to the city had “soared from US$200 million in 2007 to $1.2 billion last year”.

He commented that wine producers were “attracted by Hong Kong’s growing stature as a wine hub in Asia and our strong links with some of the most exciting markets in the region, including Mainland China.”

He also pointed out that Hong Kong has retained its position as the world’s largest auction centre selling $230m worth of wine last year.

The Hong Kong International Wine & Spirits Fair continues to Saturday 10 November and comprises 950 exhibitors from 36 countries.

Exhibitors from Azerbaijan, Denmark and Russia are first-time participants this year, while Italy and France have the largest pavilions.

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