Global Wine Markets and Brexit
Professor Kym Anderson, George Gollin Professor of Economics, University of Adelaide; Executive Director, Wine Economics Research Centre, Australian National University
Jancis Robinson, Writer, Financial Times
Tamara Roberts, Chief Executive Officer, Ridgeview Wine Estate
Chair: Jim Rollo CMG, Deputy Director, UK Trade Policy Observatory; Emeritus Professor of European Economics and Associate Fellow, Chatham House
Wine represents over 40 per cent of the share of UK alcohol consumption in the UK today. Brexit is of considerable significance to wine producers and consumers across the world, because Britain has always imported a major share of the world’s wine, especially in value terms. The UK accounts for more than one-sixth of the wine export earnings of seven key wine countries, and for three of them - Australia, the US and New Zealand - it buys more than one-third of their volume of wine exports.
To get a sense of how wine markets might be affected by Brexit, Professor Kym Anderson uses a model of the world’s wine markets to project those markets to 2025 and then adjusts this for the potential effects of Brexit. At this event, Anderson, a world authority on the wine market, will present the resulting impacts on bilateral wine trade values and volumes for commercial and fine still wines as well as for sparkling wines.
The UK Trade Policy Observatory (UKTPO) is a partnership between Chatham House and the University of Sussex. The UKTPO provides independent expert comment on, and analysis of, trade policy proposals for the UK as well as training for British policymakers and negotiators through tailored training packages.