Georgia may sign free trade deal with the UK
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Georgia and the UK are having consultations on signing a strategic and comprehensive agreement. Photo: N. Alavidze/Agenda.ge.
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A free trade deal might be signed between Georgia and the United Kingdom (UK), announces the Ambassador of Georgia to the UK Tamar Beruchashvili.
Beruchashvili said that Georgia and the UK are having consultations on signing a strategic and comprehensive agreement of which one of components is a free trade deal.
[This agreement] includes the component of a free trade deal and establishing cooperation in different fields…Several rounds of consultations have already been held”, Beruchashvili said.
Meanwhile, Georgia is also discussing free trade possibilities with the United States. Georgian Economy Minister Giorgi Kobulia yesterday said that Georgia-US free trade talks will move into an active phase in 2019.
Georgia and the United States (US) will work actively on launching a free trade agreement in 2019, says Georgian Economy Minister Giorgi Kobulia.
A UK trade delegation has visited Georgia to share its experience and knowledge with local businesses and familiarise themselves with the Georgian business environment.
Georgia’s Ministry of Economy is launching a competition to choose commercial attaches to appoint to Georgian embassies abroad.
The United Kingdom will offer £5.5 million to support the sustainable development of democracy in Georgia.
The Prime Minister of Mamuka Bakhtadze is attending the 55th Munich Security Conference and is holding meetings with high-ranking officials of several countries to discuss bilateral relations and further cooperation plans.
Shanker Singham, former trade adviser to the United Kingdom’s Secretary of State for International Trade Liam Fox, who now chairs Global Vision, said in his recent article in The Telegraph that “leaving the EU is no reason to change UK engagement" in Eastern Europe and the Caucuses.
Georgian Deputy Economy Minister Genadi Arveladze on Monday led a delegation from the country in a meeting of the trade committee with the United Kingdom, with the discussions hosted in London as part of the strategic agreement between the two states.