EU deepens cooperation with Georgia, signs new strategic document

European Union (EU) member countries are ready to deepen their level of cooperation with Georgia, states a new document signed today between Georgia and the EU.

The EU proposed a new document of Strategic Framework for Customs Cooperation to Georgia today at the first session of the sub-committee on customs.

The document was signed by Georgia’s Finance Minister Nodar Khaduri and European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici.

Strategic Framework for Customs Cooperation includes three main directions: A safe and flexible trade corridor, risk management and investing in customs modernisation.

A similar document has already come into force in Moldova and Ukraine.

Minister Khaduri assessed this fact as a "historical moment” for the dynamic development of Georgia’s trade relations with the EU.

"This initiative once again proves that the EU supports Georgia. It proves that both Georgia and the EU strives for Georgia’s political, economic and social integration with the EU.”

"The Strategic Framework for Customs Cooperation will be a practical instrument for Georgia to overcome the economic problems and negative foreign factors and to continue its rapid growth,” Khaduri stated.

"We will do our best to make more sustainable all the success of the customs sphere, to establish communication with the business society and encourage them to use all the resources for implementing EU standards in their activities,” he said.