Sign up | Log in



Home  >>  Daily News  >>  ASEAN ANALYSIS


Asean Affairs  1 April 2011

A toast to Hong Kong-none for Asean

By  David Swartzentruber

AseanAffairs     1 April 2011

Related Stories

March 31,2011
G-20 in Nanjing discusses yuan

March 30,2011
China and Asean

March 29,2011
Thailand’s silent majority

March 28,2011
Final meeting on controversial Lao dam is April 21

In 2008 Hong Kong made a very crafty decision. On February 27 of that year import duties on wine and beer were dropped, not just a little but dropped to zero.

The result is this upcoming event: “A record-breaking wine auction of 11,000 bottles conservatively estimated to be worth US$10 million will be held from Saturday, at the annual Sotheby's Spring auction in Hong Kong.”

An historical news report from the U.S. wine magazine, Wine Spectator, provides this account: “But over the past 15 months, it has gone from a city (Hong Kong) with one of the highest wine duties in the world to duty-free—from 80 percent in early 2007, to 40 percent by March 2007 and now to zero.”

Somewhere, somehow, someone or a group of people in the Hong Kong government got the message and the above news dispatch vindicates their decision. On a recent visit to Thailand, Invest HK officials told AseanAffairs that the revenue generated from the wine trade in Hong Kong far exceeds the amount of import duties that Hong Kong previously collected. Wine distributors and auctioneers have shifted headquarters to Hong Kong, bringing in more income to the SAR.

The top wine auction centers in the world used to be New York and London, now HK is at the top. However, the rest of Asia seems to be stumbling in this sector.

Wine is seen by some Asians, especially those in government, as “foreign,” although Thailand, Myanmar, Vietnam and Indonesia have domestic wine industries.

The most active industry is in Thailand where there are about 10 wineries, so let’s take a look at Thai alcohol policy.

Historically, Thailand has had a bias against wine, undoubtedly fueled by some of the domestic spirits producers, who are some of Thailand’s richest citizens. Spirits with a high alcohol content sell for less in Thailand than wines with a much lower alcohol content. The low tax on spirits certainly raises the health costs in Thailand just as the discriminatory tax on wine lowers wine sales. Thailand has refused to accept the international standard for alcohol taxation which is: “The higher the alcohol content, the higher the tax.”

Those close to the Thai government tell Asean Affairs that between the anti-alcohol lobby on one side and the domestic spirits producers on the other, fueled by their large bank accounts, the government is frozen in place on the issue.

On the other side of Asia, with the right steps, Bangkok could become the Asean wine capital. Don’t hold your breath and cheers to HK!

Paul A. Ebeling, Jnr

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    1  April 2011 Subsribe Now !
• Asia-Pacific countries reach accord on human trafficking   Subcribe: Asean Affairs Global Magazine
• Koreans to help upgrade Indonesia’s railroads Asean Affairs Premium
• Goldman raises Malaysia’s GDP forecast
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines consumer sentiment fades
• Exports, tourism, local consumption, drive Thai economy

• Big C develops energy-saving transport

 • Vietnam its banks orders SOEs to sell dollars 

• Vietnamese agricultural imports are too high p

Asean Analysis    April 2011

Advertise Your Brand

• A toast to Hong Kong-none for Asean

Sponsor Our Events

Asean Stock Watch    April 2011


• Asean Market News


Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand