Georgian wine company signs 15-year agreement with China

Georgian Wine Company Gruzvinprom signed MoC with Chinese company Jiangxi Silk Road Investment. Photo by Georgia's Ministry of Agriculture.
Agenda.ge, 23 May 2017 - 15:18, Tbilisi,Georgia

Georgian Wine Company Gruzvinprom and Chinese company Jiangxi Silk Road Investment have signed 15-year Memorandum of Cooperation (MoC) to boost the Georgian products’ export in China.

Within the MoC the two company plan to establish a joint company which will promote Georgian brand in China and support sales of Georgian products on Chinese market.

Today’s MoC is one more clear example of how economic relations have been deepening between Georgia and China following the free trade agreement signed recently between the countries. This cooperation will significantly support Georgian wine export to China – the country which appreciates and honours Georgia’s history and traditions,” said Agriculture Minister Levan Davitashvili, who also attended the MoC signing ceremony.

As of today Georgian red wine is sold at about 30 shopping centre in China.

Gruzvinprom, which has long established its niche at the Georgian market and enjoys the greatest authority, is capable of processing 8,000 tons of grapes per season. The enterprise is able to create and maintain a stock of about 5,500 tons of wine.

At this stage, the enterprise can produce about 24,000 bottles of wine during a working day that amount to 600,000 bottles a month and 7,200,000 bottles a year.