EU considers accrediting Georgian businesses

Georgia’s Prime Minister Giorgi Kvirikashvili and European Commissioner for Trade Cecilia Malmstrom. Photo from the PM's press office.
Agenda.ge, 05 Feb 2018 - 18:39, Tbilisi,Georgia

The European Union (EU) is considering the possibility of accrediting Georgian businesses.

The decision came after a meeting between Georgia’s Prime Minister Giorgi Kvirikashvili and European Commissioner for Trade Cecilia Malmstrom which was held today at the European Commission, Brussels.

Meeting EU accreditation standards will enable Georgian businesses to land their products on the EU market.

During the meeting, the Prime Minister and the European Commissioner also discussed Georgia-EU trade and economic relations, and the utilisation of the opportunities offered under the Deep and Comprehensive Free Trade Area (DCFTA), and emphasised the progress that has been made in this direction.

Special attention was paid to the growing Georgia-EU trade dynamics, with Georgia’s export to the EU states in 2017 up 13 percent to make for a total of $647 million.

The positive investment trend was also emphasised, as reflected in a six percent growth of European investments to reach about $445 million in 2017.