ChAFTA paves way for Australian wine export boom

Paterniano Del Favero
Agosto 29, 2017

The Government has announced it will provide $50 million to raise the value of wine exports and promote wine tourism in regional communities.

The plan will focus on China and U.S. markets, with investments in marketing campaigns and new grants for exporters to those countries.

"Our wine industry was already in a strong position, with tariff reductions from the China-Australia Free Trade Agreement leading to China's overtaking of the United States as the most valuable destination for Australian wine".

Bottled wine imports, which took up 91.2% of the total wine imports by value, rose by 14.05% to 303.2 million litres, while its value also grew by 5.5% to US$1.35 billion over the same period previous year.

It is expected that the package, which will be managed by the Australian Grape and Wine Authority (AGWA), will inject 134 million USA dollars into the Australian economy by 2020.

Bulk wine imports grew by 18.93% in volume to 94.2 million litres, while its value rose by a further 36.33% to US$79.2 million from January to July, compared with the same period past year.

"This package aims to build on this, delivering up to 8 percent per annum value growth across all export markets to 2021-22, including 15 to 17 percent in China and 6 percent in the United States", Joyce said.

It's expected a new wine industry support package will attract 40,000 global visitors to Australian wine regions.

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