A significant reduction in Hong Kong’s liquor duty has catered to the rising demand for premium spirits, particularly among younger consumers, which has strengthened the city’s position as a global wine and spirits trading hub, according to industry leaders.
The policy, announced in 2024, slashed the import duty on liquor with an alcoholic strength over 30 percent from 100 percent to 10 percent on the portion of the price exceeding HK$200…
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