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 Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
Beer consumption in Germany - already pretty impressive - will undoubtedly have enjoyed a spike following celebrations over the nation's FIFA World Cup win. ...
Last night, The Coca-Cola Co's UK division celebrated moving in to its stylish new central London headquarters with a barbecue on its roof-top terrace....
Here are some of the top stories from just-drinks last week, featuring PepsiCo, San Miguel Corp, Stock Spirits and William Grant & Sons....
- A tobacco analogy soft drinks will want to embrace
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- just Five Years Ago: A-B InBev sells Oriental
- Comment - Coke Life: Hit or Miss?
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Remy posts Q1 sales drop as Edrington loss bites
- Bacardi to fight US football team legal action
- Distell to take 26% stake in spirits firm KHEAL