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SOUTH AFRICA SIGN INTERNATIONAL WINE TRADE AGREEMENTS

SOUTH AFRICA SIGN INTERNATIONAL WINE TRADE AGREEMENTS

According to an article in The Citizen, South Africa has signed two international agreements to facilitate the wine trade. The agriculture, forestry and fisheries department announced the agreement, which is based on on mutual acceptance of oenological practices and compliance between signatories of the World Wine Trade Group.

The wine labelling agreement component accepted common labelling information and minimised unnecessary labelling-related trade barriers to improve trade flows among signatory parties, thereby reducing transaction costs.

The World Wine Trade Group (WWTG) is an informal grouping of wine producing countries. The aim of the group,  founded in 1998, is to share information, collaborate on a variety of international issues, and create an environment for the free trade in wine. Regular participating countries of the WWTG included Argentina, Australia, Canada, Chile, Georgia, New Zealand, the United States, and SA. China has expressed interest in joining in the near future.

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