Summary MGT618 Assignment2 Wk2.docx MGT 618 €œThe Growing Trade in Growing Grapes€ Barry Bland California Intercontinental University MGT 618: International Business Introduction The wine industry is suggested to be one of the first industries and it is

MGT618 Assignment2 W MGT 618 €œThe Growing Trade in Growing Grapes€ Barry Bland California Intercontinental University MGT 618: International Business Introduction The wine industry is suggested to be one of the first industries and it is important to mankind. Evidence suggest that wine making goes as far back as 6000 B.C.E. Archaeologist found pictograms or symbols from 3000 B.C.E. showed ancient Egyptians drinking wine during celebrations. According to the Bible, at a wedding ceremony in Cana, it was recorded that Jesus Christ of Nazareth, turned water into wine. The wine industry is nothing compared to its humble beginnings. It estimated that 26 billion liters of wine is produced yearly. Approximately 18.5 million acres of land worldwide is dedicated towards growing grapes. Around 60% of the wines produced annually comes from the European Union (EU). Majority of the vineyards in the European Union