Wine producers flee VAT hike and seek salvation in China and Hong Kong

Wine producers, coping with market declines for two years, have found their salvation on the Asian continent, with China and Japan as the newest export destinations. The contracts the firms have already sealed in these areas are laying the groundwork for deliveries to the region to go beyond 20m euros in the next five years, considering Romania's overall wine exports revolved around 15m euros last year alone. Wine producers have decided to try their luck in China after domestic consumption ...

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