The signing of a Memorandum of Understanding (MOU) on Co-operation in Wine-related Businesses between Hong Kong and Romania will expand the network of economies with which Hong Kong has signed similar deals, the Permanent Secretary for Commerce and Economic Development (Commerce, Industry and Tourism), Mr Philip Yung, said today (June 11).
Mr Yung signed the MOU on behalf of the Hong Kong Special Administrative Region Government today with the visiting Romanian State Secretary for Economy, Trade and Tourism, Mr Florin Vodita.
The MOU will facilitate co-operation in wine-related trading and investment promotion, education and training, tourism, preventing counterfeit wines and more. As one of the major wine-producing countries in Europe, Romania can make better use of Hong Kong's advantages as a duty free port, a regional logistics and business hub and the world's largest wine auction centre.
Since August 2008, Hong Kong has entered into similar wine co-operation agreements with Australia, Chile, France (and its Bordeaux and Burgundy regions), Germany, Hungary, Italy, New Zealand, Portugal, Spain and the United States (and its Oregon and Washington states).