A Memorandum of Understanding on Cooperation in Wine-related Businesses (MOU) was signed between the U.S. and Hong Kong on May 17, 2010. This has further fostered joint efforts by the U.S. and Hong Kong to promote U.S. wines in Hong Kong, and via Hong Kong, into the massive Mainland China market.
Former Hong Kong Secretary for Commerce and Economic Development, Mrs. Rita Lau, signed the MOU in Hong Kong with former U.S. Secretary of Commerce Mr. Gary Locke. Secretary Locke led the first cabinet-level trade mission by President Obama’s administration to Asia with Hong Kong being the first stop.
Mrs. Lau commented that the signing of the MOU on wine marked an important milestone in closer bilateral ties and business cooperation between the two places. “Today, our relationship with the U.S. takes another major step forward. Riding on this MOU, we will strengthen our joint efforts on promoting wine-related trading, tourism, investment and education.
“The MOU also covers other wine-related areas apart from trading. These include promoting wine alongside regional and local cuisine, facilitating the organization of wine auctions in Hong Kong for U.S. wines, and encouraging the provision of quality wine storage facilities in Hong Kong,” said Mrs. Lau at the signing ceremony.
Oregon and Washington State ink wine pacts with Hong Kong
Following the signing of the MOU between Hong Kong and the U.S., another MOU was signed between Hong Kong and Oregon and Washington States on May 24, 2010. Under this MOU, the three regions will strengthen cooperation in promoting wine-related trading, tourism, investment and education.
This MOU with Oregon and Washington States is Hong Kong’s first MOU at the state level. In addition to opening up exciting avenues and markets for the Oregon and Washington wine industry, the MOU signifies a new chapter in bilateral relations between Hong Kong and the two states.
Other than the MOU with the U.S., Hong Kong has also signed a number of MOUs with 10 major wine-producing economies/regions.