Georgia among special guests at China’s largest exhibition

The China International Fair for Investment & Trade will be held on September 18-21. Photo by, 18 Sep 2017 - 15:52, Tbilisi,Georgia

Georgia is participating at one of the largest investment and commercial exhibitions in China as a special guest.

Approved by the State Council of the People's Republic of China, the China International Fair for Investment & Trade is China's only international investment promotion event aimed at facilitating bilateral investment.

The exhibition opened today and will continue until September 21.

Georgia has been granted an honored country’s status and a special exhibition space has been allocated for it.

During the exhibition, different agencies - ‘Produce in Georgia’, the Ministry of Agriculture, the Ministry of Regional Development and Infrastructure the Ministry of Energy and the Foreign Ministry - will highlight the potential of Georgia’s business climate, investment and trade capabilities.

Georgia's special exhibition space at the China International Fair for Investment & Trade. Photo by Georgia's Ministry of Economy. 

In total 120 Georgian companies will participate in the exhibition.

By participating at one of the world’s biggest exhibition we tried to make an important step forward for integrating Georgian economy and business with Chinese companies and Chinese business. Free trade deal with china enables us to maximally use these benefits,” said Georgia’s Economy Minister Giorgi Gakharia.

Today, on the first day of the exhibition, a Georgia-China Business Forum was held, where Georgia’s Ministry of Economy Chinese corporation CEFC China Energy Company Limited signed a Memorandum of Cooperation (MoC).

Chinese guests are tasting Georgian wine. Photo by Georgia's Ministry of Economy.

CEFC China Energy Company Limited is a private collective enterprise offering energy and financial services.

Within the framework of the MoC, 75 percent of Poti Free Industrial Zone shares is now owned by the Chinese corporation.

Poti Free Industrial Zone is strategically located adjacent to the Black Sea port city of Poti – the largest sea port in Georgia. This brings significant logistics and supply chain advantages to companies looking for a straightforward and tax-friendly business environment.

The Chinese corporation plans to further develop the Poti Free Industrial Zone by sharing its standard practices and latest technologies.