“China will soon surpass the US as the top consumer of Chilean wine,” Claudio Cilveti, general manager of Vinos de Chile, the country’s wine association, told Xinhua on Wednesday [30 December 2015]. According to Cilveti, the sales of Chilean wine have grown by 43 percent in the last five years in China and should grow by around 30 percent in 2016, making the country the second-largest customer. “Chilean wineries are currently seeing sales of $150 million a year in China, which are set to reach $180-$190 million (in 2016),” he said…Full Article: China Daily Dec 2015
- As of 2015, 25 Chilean wineries had representative offices in China.
- In January 2015, China’s import duty rate for Chilean wine dropped from 11.2% to 0% as a result of the FTA. Chile also has a strong trade presence in the coastal city of Qingdao.
- In October 2006, the FTA went into effect.
- In November 2005, China and Chile signed the China-Chile Free Trade Agreement (FTA).