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THE ECONOMIC CONTRIBUTION OF INTERNATIONAL SPIRITS INHONG KONGA REPORT FOR THE EUROPEAN CHAMBER OF COMMERCE IN HONG KONG JUNE 20241The Economic Contribution of International Spirits in Hong KongTABLE OF CONTENTSExecutive Summary1. Introduction2. The Alcohol Market in Hong Kong3. The Benefits of ‘Premiumisation’3.1 Premiumisation in Hong Kong3.2 Economic Benefits of Premiumisation3.3 Business and Employment Opportunities3.4 Supporting Government Objectives4. The Benefits of Specific Taxes4.1 Alcohol Taxation in Hong Kong4.2 Reforming Hong Kong’s Excise Duties on Spirits Could Yield Substantial Economic Benefits5. International Spirits’ Economic Contribution5.1 The Economic Contribution of International Spirits in Hong Kong5.2 The Impact of Tax Reform on the Economic Contribution of Spirits6. Conclusion291115161721212528323536424523The Economic Contribution of International Spirits in Hong KongThe Economic Contribution of International Spirits in Hong KongThe Hong Kong alcohol market