Xi Jinping's Chile Trip To Boost Chilean Wines
Date£º 2016-11-17 12:06  Source£º https://www.thedrinksbusiness.com    Author: Natalie Wang   Translator:
  Chinese president Xi Jinping¡¯s upcoming visit to Chile, the first of its kind by a Chinese state leader to the South American country in 12 years, is expected to give a huge boost to Chilean wine exports to China, reports official Chinese newspaper People¡¯s Daily.

Xi Jinping's Chile Trip To Boost Chilean Wines

Chinese Vice-President Xi Jinping holds a glass of red wineIn 2015, Chilean wine exports to China stood at US$175 million, a 41% increase in value over the previous year after China abolished all tariffs on Chilean wines in the same year.

 

Since signing a Free Trade Agreement in 2005, China has become Chile¡¯s biggest trade partner, and Chile has grown into China¡¯s third largest trade partner in Latin America.

 

Concha y Toro¡¯s Asia director Christian Lopez, said the visit, part of Xi¡¯s Latin American trip from 17 to 23 November, is anticipated to deepen the cooperation between the two countries and create new opportunities.

 

¡°For many Chilean wineries actively pursuing the China market, to be able to witness president Xi Jinping¡¯s visit is an honour,¡± Lopez was quoted as saying in the report.

 

Chile currently is China¡¯s third biggest wine importing country by value after France and Australia.

 

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