Georgia and China begin talks on free trade
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Georgia and China are looking to deepen trade and economic cooperation at next week's Georgia-China free trade negotiations.
A delegation representing Georgian will visit China and attend the economic commission session in China on December 9-10.
Georgia will be the first country in the region to sign this type of agreement with China.
The economic commission session will be held in China [and] one of the main issues discussed will be transportation of Chinese cargo through Georgia. The Anaklia port project will also be considered. In addition, free trade talks must be launched,” said Georgia’s Economy Minister Dimitry Kumsishvili.
The decision to begin talks on free trade was made during negotiations between Georgia's Prime Minister Irakli Garibashvili and his Chinese counterpart, Li Keqiang when they met in September this year.
The friendly relations between Georgia and China were noticeable since more Chinese companies expressed interest in investing in Georgia. Meanwhile, not only the business community but Chinese tourists were also more aware and interested in Georgia, statistics showed.
Recently China has become one of Georgia's closest economic partners. In 2014 the trade volume between the two countries increased by 28 percent, official figures revealed.
Adjusted figures released by the National Statistics Office of Georgia, Geostat, reveal Foreign Direct Investments (FDIs) in Georgia for the year 2014 amounted to $1.758 billion USD.
The share of FDIs by major investor countries mostly came from the Netherlands (21 percent) followed by Azerbaijan (19 percent) and China (12 percent).
Georgia’s state-owned shareholding company, the Partnership Fund (PF), and China’s Silk Road Investment Company are launching cooperation in Georgia’s textile industry.
Georgia and China are deepening cooperation in the fields of agriculture, tourism, science, modern technologies and construction.
Huawei, a leading Chinese multinational networking and telecommunications equipment and services company is interested in developing its business in Georgia.
Georgia will be the first country in the region to launch negotiations with China about free trade, said Georgia’s Prime Minister Irakli Garibashvili after meeting his Chinese counterpart Li Keqiang in China today.
A leading Chinese company could implement a new $1 billion USD highway construction project in Georgia.
The Prime Minister of Georgia and a delegation of Georgian officials are on their way to China for a five-day working visit.
Developing tourism between Georgia and China is in focus at a meeting between representatives of the two countries today.
Georgia is taking measures to increase the attractiveness of its potential as a transport corridor connecting the East with the West.
Georgia has begun free trade talks with China. The deal will be extremely beneficial for Georgia as it will facilitate increased business and trade turnover between both nations.
Georgia has begun free trade talks with China while hosting the first round of negotiations with Chinese officials in capital Tbilisi.
Georgia and China are one step closer to finalising a free trade deal that will facilitate increased business and trade turnover between both nations.
Georgia and China are starting the third round of negotiations to establish a free trade regime and facilitate increased business and trade turnover between both nations.
Georgia and China are one step closer to establishing a free trade regime, which will facilitate increased business and trade turnover between both nations.