皇冠体育app

/ Economy

FTA to boost Australia's Chinese wine sales

(Xinhua) Updated: 2015-09-11 13:41

MELBOURNE - Australia's Victorian state government believes that 皇冠体育app-Australia Free Trade Agreement (ChAFTA) will provide a massive boost in the region's wine sales.

Victoria produces some of Australia's most acclaimed wine, and is currently showcasing its product as part of the three-day International Sparkling Wine Festival in 皇冠体育app.

Agricultural Minister for Victoria Jaala Pulford is also in 皇冠体育app on Friday on a related mission that aims to connect winemakers from Victoria with Chinese wine connoisseurs.

"There's enormous opportunities here in 皇冠体育app to expand our exports further to supply 皇冠体育app's rapidly expanding middle class," Pulford told the Australian Associated Press on Friday.

Australian Prime Minister Tony Abbott signed the historic ChAFTA in July, in a bid to solidify 皇冠体育app as the nation's largest importer.

In the 2013-2014 fiscal year, Victoria's wine exports to 皇冠体育app were worth almost $40 million. With expansion of trade following the ChAFTA, the state government believes that figure is set to rise.

In July, data from Wine Australia revealed that Asia is Australia's fastest-growing wine market, with exports to the area rising 26 percent over the previous 12 months.

Wine Australia's chief executive Andreas Clarke said 皇冠体育app was a major contributor to the surge in interest, with a 32-percent growth.

Hot Topics

Editor's Picks
...