UK-Georgia Business Forum held in Tbilisi to deepen business ties
The UK/Georgia 2019 runs from September 2019 to December 2019. Photo: British Embassy in Tbilisi.
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UK-Georgia Business Forum was held in Georgia today in the framework of UK/Georgia 2019, which aims to deepen UK-Georgian business and trade ties.
Georgian Economy Minister Natia Turnava spoke about Georgian macroeconomic tendencies, the country’s international ratings and the investment environment in the country.
????Early start of the UK Georgia Business Forum. Interesting day ahead talking about expanding UK Georgia business and trade ties ???????????????????? #UKGeorgia2019 pic.twitter.com/LbKKm5NTIN
— UK in Georgia (@UKinGeorgia) December 3, 2019
Turnava also discussed ongoing and planned reforms of Georgia.
The priority of Georgian economic policy is to deepen international cooperation and economic integration,” said Turnava.
"Economic integration policy will support trade and investment flow", said Turnava. Photo: UK Embassy in Tbilisi.
Turnava said that the Georgian government supports the integration of the Georgian economy to European economies and noted the working process Georgia goes through in the fields such as trade, transport infrastructure and investments.
"Economic integration policy will support trade and investment flow, deepening knowledge, sharing information, policy coordination and effective decision-making," said Turnava.
Turnave noted that Georgia aims to have increased foreign capital flows in the country as foreign direct investments are the source of economic growth and support transferring knowledge and technologies.
The forum was also attended by British Ambassador to Georgia Justin McKenzie Smith. Photo: UK Embassy in Tbilisi.
Use of transit potential, developing logistic centers, intermediary role between Europe and Asia for processing and producing goods, developed tourist infrastructure, open energy market,” Turnava such described the list of opportunities potential investors have if they invest in Georgia.
British trade commissioner for Eastern Europe and Central Asia Judith Slater said that the goal is more British businesses to come [to Georgia] to find local partners and learn more about the local market.
“Georgia has a very well developed digital economy and it is easy to do business here. So we really encourage British businesses to come to Georgia to get more information, invest here and do business,“ said Judith Slater, the British trade commissioner for Eastern Europe and Central Asia.
The forum was organised by the British Embassy in Tbilisi.
The UK/Georgia 2019 season is a programme which consists of more than 60 events presented by the British Embassy in Tbilisi and British Council in Georgia.
The UK Season will showcase the best that modern, diverse global Britain has to offer including in culture, sport, education and business. The season will also highlight the strengths of the UK-Georgia friendship,” says the British Council.
The forum was also attended by Judith Slater, the British trade commissioner for Eastern Europe and Central Asia. Photo: UK Embassy in Tbilisi.
The programme runs from September 2019 to December 2019.
UK/Georgia 2019 includes events which takes place in different locations of Georgia including big cities like Tbilisi, Batumi and Kutaisi.
The programme is funded by the British Embassy and the British Council. Sponsors of the programme are also Georgia Capital, Bank of Georgia, BP, Adjara Group and Wissol.
The Prime Minister of Mamuka Bakhtadze is attending the 55th Munich Security Conference and is holding meetings with high-ranking officials of several countries to discuss bilateral relations and further cooperation plans.
Georgia and the United Kingdom (UK) have signed a Strategic Partnership and Cooperation Agreement earlier today, which is the first deal in the region which will come into play after Brexit takes places and ensure free trade between Georgia and the UK after the country leaves the EU.
‘We are interested in attracting more investments from the EU’
Georgian Economy Minister Natia Turnava spoke at a panel titled ‘1st Eastern Partnership Investment forum: 10 Years After Prague’ at the16th Batumi International Conference, dedicated to the 10th anniversary of the EU’s Eastern Partnership initiative.
A UK trade delegation has visited Georgia to share its experience and knowledge with local businesses and familiarise themselves with the Georgian business environment.
Georgian Economy Minister Natia Turnava met with Malaysian parliamentary delegation led by Speaker of the House of Representatives Mohamad Ariff Md Yusof earlier today to strengthen economic ties between Georgia and Malaysia.