Rocketing Chinese demand and new free trade agreements in Asia have helped lift the value of Australian wine exports to their highest level since before the global finance crisis. The value of wine exports to China grew by 66 per cent to $370 million in 2015, new figures from industry body Wine Australia show. Surging Chinese demand has combined with new free trade agreements (FTAs) with Japan and South Korea, plus gains in the key US market, to lift Australian wine exports for 2015 by 14 per cent to $2.1 billion.
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Authors: THE AUSTRALIAN