Georgia, China to sign new deals within Silk Road Forum
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The second Silk Road Forum continues in Tbilisi, giving opportunity to the participants to establish cooperation and sign various deals.
Georgia’s Economy Minister Dimitry Kumsishvili has already announced that "several important agreements” will be signed today within the forum.
One of those agreements will be signed with China, specified the Minister. As he explained the agreement will be about free industrial zones, technological parks and innovations.
It might be about the relocation of existing industrial capacities to Georgia, creating joint capacities and the use of Georgia’s strategic location,” said Kumsishvili.
Meanwhile Deputy Commerce Minister of China Qian Keming, delivered his speech at today’s forum, where he said that "Georgia is the first country which has reacted to Silk Road Forum initiative and it is an important partner of China”.
Following the Silk Road aspirations, Georgia and China have signed a free trade agreement, which came into force in January 2017. This outlines new opportunities and opens new perspectives to develop trade and deepen economic relations between Georgia and China,” Keming said.
He noted that the Silk Road initiative had moved to a new phase and this fact opens new perspectives for the future. In his words the Silk Road is a "wide initiative for the whole world”.
"We have decided to double our investments in Georgia”, announced the Minister of Tolerance of the United Arab Emirates, Sheikh Al Nahyan, today.
Georgia’s capital Tbilisi is hosting the second Silk Road Forum, which is being attended by around 2,000 honourable guests from all over the world. Today and tomorrow, November 28-29, government representatives and business leaders from more than 60 countries and more than 500 foreign companies are participating in two-day forum.
A joint representation of a state-owned shareholding company Partnership Fund (PF) and a Georgian Chamber of Commerce and Industry (GCCI) has been opened in the Chinese city of Guangzhou.
Georgia’s capital of Tbilisi has hosted a Georgia-China Business Forum today where around 80 Chinese businessmen were represented.
“Georgia: Leader of Europe’s second wave reforms”
Georgia is leading the second wave of countries in eastern and central Europe, with its progressive reforms, believes the Vice President of the European Bank for Reconstruction and Development (EBRD), Alain Pilloux.
Georgia and China signed a Memorandum of Understanding on developing economic zones and entrepreneurial capacity between the countries.
The second Silk Road Forum, titled ‘Tbilisi Belt and Road Forum’ continues in Georgia’s capital with a panel discussion titled ‘Use Investment Opportunities’. The first session under this panel, Georgia’s Investment and Trade Opportunities, is being moderated by well-known media consultant Jan Burel.
Georgia’s Economy Minister Dimitry Kumsishvili encourages investors, attending the Tbilisi Silk Road Forum, to invest in Georgia.
State-owned Chinese export and credit insurance company Sinosure is ready to expand its relationship with Georgia and support Chinese investments in Georgia, the company said while meeting with the Georgian Partnership Fund yesterday.
Tbilisi is hosting the Silk Road Forum on October 22-23 for the third time and will welcome 2,000 government and business sector representatives from around 60 countries to discuss opportunities of strengthening political, economic and cultural relations between Asia and Europe.
Georgian Prime Minister Giorgi Gakharia, who has opened the two-day Tbilisi Silk Road Forum attended by 2,000 delegates from up to 60 countries, has stated that the conception of the New Silk Road, to connect Europe with Asia, and the participation in the initiative is among the top priorities of the Georgian government.
Eighteen infrastructure projects worth 3.4 billion USD will be carried out to boost Georgia’s transit potential, said the Infrastructure Minister Maia Tskitishvili at Tbilisi Silk Road Forum today.Tskitishvili noted the importance of the construction of the East-West Highway in the country, which will ensure faster and safer movement in the country.