China’s market for red wine is expanding and Chilean winemakers are hoping to tap into the growing Chinese consumption, according an official with a multinational Chilean wine organization. Marybeth Bentwood, executive director for Wines of Chile (WOC) USA, said, Chile is “bullish” about prospects in China…Full Article: China Daily June 2014
- In 2013, China (incl. Hong Kong) consumed 1.87 billion (~1.39 billion liters) bottles of red wine
- Chile has a strong trade presence in the coastal city of Qingdao. Currently, Chile has an 11.2% duty rate for its wine in China, but this will drop to 0% tariff rate in January 2015.