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Global Wine Trading Platform Shows Promise in Emerging Markets

by Kaia

HONG KONG, November 5, 2023 – (ACN Newswire) – The 15th HKTDC Hong Kong International Wine & Spirits Fair, orchestrated by the Hong Kong Trade Development Council (HKTDC), successfully concluded today after an eventful three-day span from November 3 to November 5. The fair garnered significant attention from discerning buyers in emerging markets, with particular focus on regions such as Korea, Mainland China, Taiwan, Indonesia, and Malaysia, underscoring their potential for growth in the wine trade sector. The presence of global buyers at the physical Wine and Spirits Fair reaffirms Hong Kong’s stature as a pivotal trade and distribution hub for wines within the region.

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Following a fruitful three-day event, the Hong Kong International Wine & Spirits Fair concluded its proceedings today, attracting approximately 7,000 trade buyers hailing from 49 countries and regions. Additionally, on Public Day, which was held today and exclusively open to ticket holders aged 18 and above, nearly 9,000 wine enthusiasts congregated to savor a wide array of beverages and partake in events that included masterclasses, wine tasting sessions, and informative seminars.

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The Wine & Spirits Fair showcased more than 500 exhibitors representing 17 countries and regions. Eminent importers, wholesalers, retailers, and e-tailers, including JD.com, Inc. (Mainland China), PT. Pantja Artha Niaga (Indonesia), Royal of Japan Ltd (Japan), NARA CELLAR (Korea), Albert International Wines & Spirits Sdn Bhd (Malaysia), KOT Selections LLP (Singapore), Rose & Young Hunters Global Inc. (Taiwan), Central Food Retail Company Limited (Thailand), African + Eastern (UAE), and Red Apron Fine Wines & Spirits (Vietnam), actively participated in the fair, demonstrating the global appeal of the event as a platform for wine trade expansion.

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