ENG-2008 — Page 103

Wine Trade

Wine Trade

Wine enthusiasts enjoy the

first Hong Kong International Wine Fair organised by the Hong Kong Trade Development Council in August, which attracted some 8 800 trade buyers and

11 000 visitors. Hong Kong is fast developing into a regional wine hub following the Government's 2008 Budget in February in which wine duties were abolished. The market has reacted swiftly, with wine imports, trading and distribution all increasing and

wine auctions making record- breaking sales.