DCFTA benefits: Georgia-EU trade turnover up 17.7% in 2018
Exports grew by 11.5% and reached $730.3 million while imports grew by 19.5% and reached $2.62 billion. Photo: Nino Alavidze/Agenda.ge.
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Trade turnover between Georgia and EU increased by 17.7% in comparison to 2017 and reached $3.35 billion in 2018, much in part thanks to the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU.
Exports grew by 11.5% and reached $730.3 million while imports grew by 19.5% and reached $2.62 billion, said Deputy Economy Minister Genadi Arveladze.
Arveladze also said that last year Georgia diversified export products to the EU while the number of companies that export from Georgia to the EU increased by 37% compared to 2014 and reached 789 companies.
Arveladze said that between 2014-2018 Georgian products such as kiwis, blackcurrants, apples, quinces and other products entered the EU market.
Arveladze also said that with the support of the German development agency GIZ an export strategy will be created to find an export potential of furniture and communication technologies to the EU.
The export of Georgian agricultural products marked new records in 2018, announces the Ministry of Environmental Protection and Agriculture of Georgia.
The export of Georgian agricultural products to the EU countries is on the rise, says the Ministry of Agriculture of Georgia. In the first quarter of 2018, Georgia exported agricultural goods worth $37.8 million.
The European Union (EU) has refused to import seven shipments of Georgian hazelnuts in 2018 due to the discovery of large amounts of the toxin aflatoxin..
One year on from Georgia’s EU integration the country is already showing immense progress, particularly in the agriculture sector where growth is evident in a range of directions.
Georgia’s external trade amounted to $2.80 billion in January-March 2019, says the National Statistics Office of Georgia (Geostat). Georgian exports increased by 12.8% to $826 million, while the value of imports decreased by 4.7% to $1.98 billion with respect to 2018.
The production of crops, vegetables and fruits increased in 2018 in Georgia, show the preliminary data of 2018 published by the National Statistics Office of Georgia (Geostat).
Copper ores and concentrates, motor cars and ferroalloys are Georgia’s top export items in January-March 2019, announces the National Statistics Office of Georgia (Geostat).
Georgia’s external trade amounted to $3.86 billion in January-April 2019, says the National Statistics Office of Georgia (Geostat).
Georgia’s external trade amounted to $4.95 billion in January-May 2019, says the National Statistics Office of Georgia (Geostat).In the reporting period the value of Georgian exports increased by 14.2% to $1.46 billion, while the value of imports decreased by 3.6% to $3.49 billion with respect to 2018, said Geostat.
Georgia’s external trade stands at $4.9 billion in January-May 2019 – a 1.1 per cent increase compared to the same data from last year, Georgia’s National Statistics Office (GeoStat) says in its preliminary report for the period.
Georgia’s external trade decreased by 0.6 per cent and reached $5.96 billion in January-June 2019, says the National Statistics Office of Georgia (Geostat).
Turkey, Russia and Azerbaijan are Georgia’s top trade partners this year, shows the preliminary data from the National Statistics Office of Georgia (Geostat).Georgia’s top 10 trade partners in January-June 2019 made for 67.2 per cent of the country’s total trade turnover.
Georgia’s external trade decreased by 0.2 per cent and reached $7.07 billion in January-July 2019, says the National Statistics Office of Georgia (Geostat).
Deputy Minister of Economy Genadi Arveladze has met with media representatives on DCFTA matters on February 8-9 where one of the main issues he discussed was Georgian free trade agreements.
The European Union has allowed the importation of pet food from Georgia to the EU.
A Georgian delegation headed by Prime Minister Irakli Garibashvili has left for Brussels, Belgium this morning to participate in the 6th EU-Georgia Association Committee meeting where along with political issues, economic ones will also be discussed.