More than 1,000 exhibitors will participate in Hong Kong’s annual International Wine & Spirits Fair next month, up 4 percent over last year.
Over 300 will come from the traditional wine-producing countries of Italy and France, but several other countries, including Ireland and Kazakhstan, will also send participants to the fair for the first time, the Hong Kong Economic Journal reported on Friday.
The fair is expected to draw some 20,000 buyers, up from 19,000 last year, said Benjamin Chau, deputy executive director of the Trade Development Council.
Hong Kong has seen robust growth in the export and import of wine despite the weakness in overall foreign trade, Chau said.
The strong outlook is largely due to the government’s decision to exempt wine imports from taxes in 2008, he said.
Total wine imports for the first eight months topped HK$6.5 billion, up 17 percent from a year ago.
Exports surged 88.2 percent to HK$2.79 billion over the same period, with shipments to China surging 1.72 times.
The fair will be held at the Hong Kong Convention and Exhibition Centre on Nov. 5-7.
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