Georgia to benefit from Eastern Partnership export program
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Georgia is getting fully involved in an export promotion program set to launch in summer 2017 that will boost the foreign awareness and global sales of locally made goods.
The export promotion program was designed for six eastern European countries: Georgia, Armenia, Azerbaijan, Belarus, Moldova and Ukraine - all members of the European Union’s Eastern Partnership (EaP).
Georgia, as an EaP member, will directly benefit from the projects that support small and medium-sized entrepreneurs to get involved in the international trade network.
To achieve this Georgia has been receiving support from the International Trade Centre (ITC).
A delegation from the ITC visited Georgia yesterday to negotiate with local authorities about creating an export promotion plan for specific exported products.
Furthermore, the goal of the ITC delegation was to identify which of Georgia's exported products had the biggest potential to be sold in EU markets over the next two-three years.
Highlighting and supporting the benefits Georgia could use from the Association Agreement (AA) and it's Deep and Comprehensive Free Trade Area (DCFTA) deal was one of the purposes of the ITC delegation’s visit.
The value of Georgia’s imports and exports (External Merchandise Trade) in the first five months of this year exceeded four billion dollars, while Georgia’s external trade turnover with European Union (EU) countries exceeded 1.1 billion dollars, says the National Statistics Office of Georgia (Geostat).
Georgia is steadily improving its place in terms of trade and economic freedom in the latest survey by the Heritage Foundation.
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.
Every small, middle or large-scaled enterprise in Georgia that has the potential to export its products will be offered financial support by the state.
Georgian State Minister for European and Euro-Atlantic Integration Victor Dolidze and Deputy Foreign Minister Vakhtang Makharoblishvili have participated in the Georgia-Moldova-Ukraine trilateral consultations in the field of European integration.