Many would argue the answer to this question lies in Asia. Hong Kong to be a bit more specific.
Yesterday, the Hong Kong Economic & Trade Office of San Francisco held an event at The Wine Spectator Greystone Restaurant at The Culinary Institute of America in St. Helena. Hundreds of wine industry folks packed the restaurant for food, wine (of course) and a talk from Hong Kong’s Financial Secretary, John C. Tsang.
Mr. Tsang was in town to promote Hong Kong as the next big growth opportunity for Napa Valley (and the entire US really) wine. You see, under Mr. Tsang the Hong Kong Special Administrative Region Government reduced the wine duty (read: tax) from 40% to zero in February 2008. Since then, wine imports have increased dramatically. In short, the region is gunning to become THE wine hub for all of Asia…
Here’s a quick video highlighting some of Mr. Tsang’s talk:
[techtags: Napa, Napa Valley, wine, winery, Hong Kong, wine growth, John Tsang, John Tsang Napa]