Prosecco pathway

Australia, UK FTA opens new doors for wine post-Brexit
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UK DOORS OPENING: Michael Dal Zotto (left), pictured with Christian, says a new Free Trade Agreement with the UK could offer exciting opportunties especially for the Prosecco variety.

GREATER potential sales of the Prosecco wine brand have been welcomed by King Valley wineries following the commencement of a new Free Trade Agreement (FTA) between Australia and the United Kingdom, post-Brexit.

Federal Trade Minister Simon Birmingham this week announced the start of negotiations of a bilateral FTA to help boost export flows between the two nations beyond the overall existing $15 billion trade.

And with Prosecco already worth about $60 million to Australia ($30m to King Valley), and expected to rise to $500 million in the next decade, Michael Dal Zotto of Dal Zotto Wines said it could open the door to more sales into the UK now it has separated from the EU.

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