Georgia-Hong Kong free trade deal takes effect
The agreement is aimed at defining shipping and customs conditions between Georgia and China’s administrative region. Photo: Georgian Ministry of Economy and Sustainable Development of Georgia
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The free trade deal signed between Georgia and Hong Kong took effect yesterday.
The deal was signed back on 28 June 2018, within the framework of the Belt and Road summit in Hong Kong, the Georgian Ministry of Economy and Sustainable Development reports.
It will enable Georgian entrepreneurs to provide their produce to Hong Kong’s seven-million market of high purchasing capacity.
The agreement is aimed at defining shipping and customs conditions between Georgia and China’s administrative region.
The deal also covers trade, intellectual property rights, technical barriers in trade, sanitary and phytosanitary measures.
Georgia is the first country in the region to sign a free trade deal with Hong Kong. The agreement will promote awareness of Georgia and its business environment and boost market access and investment flows between the countries.
Georgia and India are one step closer to launching free trade talks: a joint feasibility study on a free trade agreement has been completed, and confirms that such a deal would have a positive impact on the economic welfare of both countries.
A free trade deal signed between Georgia and Hong-Kong this June will be sent to the Parliament of Georgia for ratification, the Prime Minister of Georgia Mamuka Bakhtadze announced at today’s government meeting.
Hong Kong and Georgia have signed a free trade agreement (FTA) today which will provide legal certainty and boost market access and investment flow between the two countries. Georgian Deputy Economic Minister Genadi Arveladze and the Secretary for Commerce and Economic Development of Hong Kong, Edward Yau signed the free trade agreement in Hong Kong today.
Georgia and Hong Kong are signing a free trade agreement by the end of this month, Georgian Prime Minister Giorgi Kvirikashvili has announced.
The Georgian and Chinese governments signed a deal to make the study of the Chinese language more popular on 15 February.