Blog: Trading places
Chris Brook-Carter | 10 August 2004
Just got off the 'phone to our Australian correspondent Tony Baker after a good chat about free trade and the recent trade agreement between Australia and the US.
He believes the Australian wine industry is unimpressed with the agreement which is due to be ratified by Parliament in Canberra this week, despite officially supporting the pact.
In practice, he says, the Aussie industry is underwhelmed because most of the promised benefits will not be apparent until 2015 as tariff cuts will be phased in over 11 years.
No less practically, Australian wine exports to the US are already booming to the extent that it has become the biggest market by value, a total of A$908m (US$644m).
Rather than tariffs and quotas, Australian producers are more concerned with the Californian grape glut and the complexities of the US state-based distribution system.
Here's a round-up of the top stories on just-drinks last week, featuring PepsiCo and Coca-Cola Co, Castel, Molson Coors and the cachaca sector....
There was a big focus on supermarkets and their Scotch offerings this week when a couple of own-brand malts scooped top awards at the International Wines and Spirits Competition (IWSC)....
You can't seem to move at the moment for news of US craft brewers expanding....
Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
- just The Preview - Diageo's FY preliminaries
- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- just The Preview - Anheuser-Busch InBev's H1 & Q2
- NPD: Alcohol Beverage “Mash-Ups” Fuel Innovation
- Diageo silent over Shuijingfang writedown report
- Sales, profits fall at Moet Hennessy in H1
- Diageo's Captain Morgan Facebook ad banned
- Britvic promotes GB marketing head to global post
- Champagne Nicolas Feuillatte appoints new CEO