HK: Hong Kong to become "hub" for Asia's wine trade
By David Robertson | 15 June 2000
Hong Kong trade officials are looking at cutting the staggering import taxes on wine to turn the territory into the wine trading hub for South-East Asia.Hong Kong currently has among the highest import duties in the world at 60% of ex-cellar cost. Wine importers admit this is crippling but as it is a flat scale and affects all merchants evenly it has not significantly damaged local consumption.
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Hong Kong trade officials are looking at cutting the staggering import taxes on wine to turn the territory into the wine trading hub for South-East Asia.Hong Kong currently has among the highest import duties in the world at 60% of ex-cellar cost. Wine importers admit this is crippling but as it is a flat scale and affects all merchants evenly it has not significantly damaged local consumption.
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