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Tuesday, April 23, 2013
Chateau Morrisette and a commodity exchange in China have agreed on a five-year wine export deal.
Gov. Bob McDonnell announced the agreement between the Floyd County winery and the Tianjin Commodity Exchange Co . on Monday. McDonnell is leading a job creation and economic development marketing mission to China, Japan and California.
McDonnell said in a news release that Chateau Morrisette’s initial sale of more than 1,150 cases of wine is scheduled to arrive in Tianjin during the trade mission.
Chateau Morrisette general manager George Weldon said the agreement is part of a long-range strategy to increase both domestic and international distribution.
The commodity exchange’s president and CEO, Chuanliu Ni, said the Chinese market for wine is growing rapidly.
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