The Japanese government is reportedly looking at removing tariffs on imported wine which might also lead other countries to remove their own tariffs on sake, which is the country's chief alcoholic export. The current administration believes that this plan will benefit domestic consumers and also significantly increase Japan's sake exports.
CFCRA is a nonprofit established in 1994 by the Ministry of Culture and registered with the Ministry of Civil Affairs of the Peoples Republic of China. It is responsible for the certification, accreditation and promotion of food and beverages in China, including wine.
The Chinese former NBA all-star has added a new, cheaper wine to Yao Family Wines, his two-year-old winery in the Napa Valley, to appeal to China's growing middle class. The wine launched this week in China and will be released in the U.S. in January.
Imagine a stock that jumps 25.5% on its first day of trading, coming to rest at $159 a share. Three months later, though, shares tank, plummeting to $54. Now, 17 months after going public, it's worth $58.70.