HONG KONG - The government of China's Hong Kong Special Administrative Region (HKSAR) said that it has signed a memorandum of understanding (MoU) on cooperation in wine-related businesses with Argentina.

The document, signed by HKSAR Secretary for Commerce Economic Development Edward Yau with Argentinean Investment and Trade Promotion Agency Chief Executive Officer Juan Pablo Tripodi on Thursday in Bueno Aires, will facilitate cooperation between the two sides in wine-related trading and investment promotion, education and training, tourism, and prevention of counterfeiting.

"We are confident that Hong Kong is well-positioned to promote appreciation of Argentinean wines and related culinary arts in Asia," Yau said.

He said Hong Kong, as Asia's wine hub and a wine free-port, also offers a world-class business and logistics infrastructure for the wine business to thrive.

Hong Kong has entered wine cooperation agreements with Australia, Chile, France, Germany, Hungary, Italy, New Zealand, Portugal, Romania, Slovenia, Spain and the United States.