Georgia, Japan sign deal on insurance of export and investment

Georgia and Japan have signed an agreement on the insurance of exports and investments today within the Georgia-Japan business forum held in Tokyo.

The memorandum of understanding was signed between Georgian Economy Minister Giorgi Kobulia and President of NEXI, a Japanese government corporation specialised in export credits, Musafumi Nakada.

NEXI aims to facilitate the export of Japanese goods and services, expansion of Japanese businesses overseas and the stable supply of natural resources from foreign countries through such insurance products as export credits, investments and loan insurance.

The memorandum focuses on the development and implementation of macroeconomic policy, production and manufacturing, tourism, energy, transport and logistics, telecommunications and high-tech, trade and export facilitation, public property management, construction policy, investments.

Thus, applicable insurance packages will be offered to Japanese exporters, investors and financial experts.

The video shows the comment of Nakada who said: "Through this agreement hope that we will be able to support the japanese companies to expand their activities in Georgia". 

Nakada is confident that the agreement will significantly contribute to the establishment and expansion of Japanese businesses in Georgia.

Kobulia and Georgian Prime Minister Mamuka Bakhtadze also welcomed the signing of the memorandum and noted that it will lead to the development of cooperation in trade and investments.