Actions and Detail Panel
Global Wine Markets and Brexit
Fri 19 May 2017, 16:00 – 17:30 BST
Professor Kym Anderson, George Gollin Professor of Economics, Executive Director of the Wine Economics Research Centre, University of Adelaide and Australian National University, Australia
Jancis Robinson, the first Master of Wine from outside the wine trade who writes weekly for the Financial Times and daily for JancisRobinson.com.
Tamara Roberts, Chief Executive Officer, Ridgeview Wine Estate
Jim Rollo CMG, Deputy Director UK Trade Policy Observatory, Emeritus Professor of European Economics and Associate Fellow Chatham House, UK
Wine represents over 40% 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 then adjusts for possible Brexit effects. Professor 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 at this event.