APEC claims around US$1bn is spent annually on dealing with red tape

APEC claims around US$1bn is spent annually on dealing with red tape

The Asia-Pacific Economic Cooperation (APEC) has introduced new certification for its member economies in an effort to simplify the wine trade process and make import and export processes more efficient.

The APEC Model Wine Export Certificate is a consolidation of several existing requirements, including product origin, authenticity and health and sanitation. It is a vountary measure, approved by APEC members. 

APEC members include the US, Australia, New Zealand, Chile, Japan and Russia.

According to APEC, the value of wine trade between APEC economies has "more than tripled since 2000 to over US$23bn (per year)". The organisation said that the sector incurs around US$1bn in costs annually, largely "due to the emergence of unnecessary non-tariff barriers, with multiple, overlapping export certificates for wine imports".

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The use and scope of the APEC Model Wine Export Certificate is at the discretion of the importing APEC economy.

"Easier, more inclusive wine trade can improve product availability and prices for consumers and improve job creation and growth," said Tom LaFaille, international trade counsel for the Wine Institute, the private-sector overseer of the APEC wine regulatory forum. 

"Simplified wine trade procedures and lower compliance costs targeted by the model certificate could provide a significant industry boost, particularly among smaller, more resource constrained producers," he said. 

For a full list of APEC member economies, click here.