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Dugladzes Wine Conclude Agreement with Chinese Company on Sales of 1 million Bottles of Wines

Dugladzes Wine Conclude Agreement with Chinese Company on Sales of 1 million Bottles of Wines

The Georgian  Wine Summer was held on the territory of Shanghai wine exchange by support of LEPL National Wine Agency of the Georgian Agriculture Ministry. The event was hosted by Dugladzes Wine Company, Silk Road Chamber of International Commerce, Wine Exchange of Shanghai Free Trade Zone.

As part of the Georgian Wine Summer event, three memorandums were signed. According to one of the memorandums, under agreement between Dugladzes Wine Company and Silk Road  Chamber of International Commerce, Dugladzes Wine Company products will be the first Georgian wine and at the same time, the first Georgian product on E-Silkroad. Based on the mentioned agreement, 300 000 bottles were purchased and the parties hope the figure will reach 1 million bottles by the end of 2016.

First Vice Prime Minister of Georgia and Minister of Economy and Sustainable Development of Georgia Dimitri Kumsishvili signed a memorandum with Silk Road Chamber of International Commerce and Xinhua Net. As part of E-Silkroad – One Country One Product, the joint projects of Silk Road Chamber of International Commerce and Xinhua Net, Georgia as one country, on the Chinese market will be represented among 40 other member countries of the Silk Road by one product, Georgian wine. It should be noted that E-Silkroad is considered one of the major online platforms, where products of Silk Road member countries will be sold in online regime all over China.

Memorandum  was signed between the Georgian Agriculture Ministry, Shanghai Free Trade Zone Wine Exchange and Silk Road  Chamber of International Commerce. Under the agreement, Georgian wine exposition center will be arranged at Shanghai Wine Exchange and this space will be transmitted to LEPL National Wine Agency of the Agriculture Ministry of Georgia.

The mentioned event was attended by the Georgian government delegation led by Dimitri Kumsishvili, Minister of Economy and Sustainable Development, as well as by Chinese officials.

Shanghai Wine Exchange represents the world’s one of the major wine professional dealer organization with 75% ratio on China’s market of imported alcoholic beverages. Therefore, placement of Georgian wines on Shanghai Wine Exchange will bring very effective results.