Georgia and Turkey sign three deals, fostering strategic partnership
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Georgia and Turkey have signed several agreements today that envisage strengthening the bilateral strategic partnership.
Three agreements were signed by high officials of both countries in Turkey.
These agreements were:
- Renewed investment protection and promotion agreement;
- International combined freight transportation agreement;
- Agreement of passenger and rail freight transportation.
The agreements were signed within an official visit of a Georgian delegation to Ankara, led by Georgia’s Prime Minister Giorgi Kvirikashvili.
Also on the official visit was Georgia’s Vice Prime Minister and Minister of Economy and Sustainable Development Dimitry Kumsishvili.
Turkey has been Georgia’s strategic partner for the last 14 years and during this time Georgia has attracted more than $1 billion in investments from Turkey, said Georgia’s Economy Ministry.
The value of Georgia’s imports and export was 20 percent higher in the first six months of 2016 year-on-year (y/y), official figures show.
Georgia’s Prime Minister Giorgi Kvirikashvili is in Ankara for his first official visit to Turkey today. The Georgian leader held his first meeting with Speaker of the Turkish Parliament Ismail Kahraman.
Prime Minister of Georgia Giorgi Kvirikashvili has reacted to the attempted military coup in neighbouring Turkey by stressing it was "very important” for Georgia that the democratically elected government of Turkey was not under threat.
Georgia-Turkey relations were high on the agenda today during the meeting between Georgia’s Foreign Minister Mikheil Janelidze and Turkish Ambassador to Georgia Zeki Levent Gümrükçü.
Georgia’s Prime Minister Giorgi Kvirikashvili has met President of Turkey Recep Tayyip Erdogan in Ankara last night. The meeting took place within the frames of Kvirikashvili’s first official visit to Turkey.
Georgia and Turkey are jointly looking at ways to deepen energy cooperation and build a hydroelectric power plant on the river Mtkvari that originates in Turkey, runs eastward across Georgia and Azerbaijan, emptying into the Caspian Sea.
Georgia has acknowledged it owes Turkey for electricity it received over seven years in the early 1990s and says it will repay Turkey over a period of 20 years until the debt is cleared.
Georgia and Turkey have taken a major step forward to enhance bilateral trade relations.
A delegation from one of the leading business organisations in Turkey is visiting Georgia to pave the way for developing bilateral economic, commercial, industrial and financial relations.