Asia Pacific wine trade loses $1 billion a year to red tape: APEC

A complex web of non-tariff barriers such as multiple export certificates and unnecessary testing is hampering the growth of wine industry in the Asia-Pacific, the Asia Pacific Economic Cooperation (APEC) grouping said in a recent statement. It estimates that red tape is costing the industry some $1 billion per year. The organization has vowed to simplify procedures to take advantage of growing wine demand in markets across the Asia-Pacific. Read more