Hong Kong seeks California and U.S. wine imports, signs MOU

This blogger just received a letter from an unnamed source and written by Jeff Leung of the Hong Kong Economic and Trade Office in San Francisco that announces a formal economic relationship between Hong Kong and The United States beneficial to California wine makers.

The bottom line is that for winemakers in America, and particularly in California, Hong Kong has made doing business there much easier. US wine exports to Hong Kong totaled $49 million in 2009-2010. The U.S. is Hong Kong's fourth largest wine importer; America wants to be number one.

The Secretary of Commerce of the United States, Gary Locke, signed a Memorandum of Understanding with Hong Kong Secretary for Commerce and Economic Development, Rita Lau, in Hong Kong. The "Memorandum of Understanding on Cooperation in Wine-related Businesses" (MOU) was signed between Hong Kong and the United States on Monday, May 17, 2010.

Because of the MOU, Hong Kong will facilitate in the pairing of wines with regional cuisine, facilitate wine auctions and assist in the establishment of quality storage facilities in Hong Kong.

Hong Kong is becoming a regional wine trading and distribution center for Asia, and it's clear from the MOU that it wants to grow in that area.

For more information, contact the Hong Kong Economic and Trade Office in San Francisco. It's at 130 Montgomery Street, San Francisco, CA 94104-4386; the phone number is 415-677-9038.

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