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May 30, 2022 View:

Imported wine will be cheaper with the official signing of the Regional Comprehensive Economic Partnership Agreement

At 11:45 a.m. on November 15, the Regional Comprehensive Economic Partnership Agreement (RCEP) was officially signed under the organization of Vietnam, the chair of ASEAN in 2020.

Image from: Bacchus

The Regional Comprehensive Economic Partnership (RCEP) is initiated by the 10 ASEAN countries and invites six dialogue partner countries, namely China, Japan, South Korea, Australia, New Zealand and India, to establish a 16-country unified market by reducing tariff and non-tariff barriers. The agreement marks the first time in the world that a free trade agreement has been signed. The signing of the agreement marks the successful launch of the East Asia FTA, which has the largest population, the most diversified membership structure and the greatest development potential in the world.

As wine lovers are happiest than to be able to reduce tariffs, Australia joined the ADB a long time ago, if not anti-dumping, Australian wine is already zero tariffs, and is our number one wine importing country, so expectations are not high. On the contrary, his neighbor New Zealand has a famous Sauvignon Blanc and Pinot Noir, because the price is high, the cost performance is low, has been only in the field of high-end players hovering, if the tariff down, the price will be more affordable, we will be able to contact more high quality New Zealand wine.

There are two other countries that produce wine, Thailand and Vietnam. Thai wine was first made only for the royal family, so the production was small. Because of the climate, the cultivation method is very different from the current wine producing countries, and the wine produced is naturally unique. Vietnam was a French colony for a while and was influenced by French wine culture, so wine was also made.

The wines of these two countries are relatively inexpensive, but because they are not particularly famous in this field of wine industry, they are rarely seen in China, only some friends and family travel with a bottle or two, due to the exchange rate, converted into RMB 26 yuan or so very cheap. The wine is not bad, the style is very similar to some southern France and some warm regions, I believe that the country will also like the style, ripe fruit, full tannins, the price is much better than those who cross the sea VCE. If it is zero tariff, usually pastime self-drinking, do western food wine is a good choice.