The European Union (EU) is offering a technical and financial assistance package worth more than €62 million within the EU4Business Week to assist small and medium-sized enterprises (SMEs) to better access the EU market.
Running from March 21-25 the EU4Business Week will bring together a series of events showcasing the EU's breadth of support and commitment to developing Georgian private enterprises and helping the country benefit from the Deep and Comprehensive Free Trade Area (DCFTA) deal.
The EU4Business Week in Georgia was launched by the EU Commissioner for Trade Cecilia Malmstrom, who visited Georgia’s capital Tbilisi yesterday.
Read Commissioner Malmstrom's blog: Full day in Tbilisi
EU4Business brings together all the EU programs assisting Georgia in its process of economic integration to the EU market, providing a clear sign of the EU's commitment towards SMEs and trade policies in Georgia,” Commissioner Malmstrom said.
The EU4Business Week will include:
The DCFTA, now operational for 18 months, has strengthened the trade relationship between the EU and Georgia.
Today the EU is Georgia's first export destination, receiving 29 percent of Georgian exports - an increase of 15 percent in the first year of the trade agreement. Total trade between the two amounted to over €2.5 billion last year.
The EU and Georgia working together: one year after the start of the DCFTA Georgian exports to the EU increased by 15 percent", said European External Action Service (EEAS).
Photos by EEAS/Facebook.