Georgia, Ukraine amend free trade agreement

Georgia and Ukraine have today introduced amendments to the free trade agreement, which will allow the two countries to use identical rules of origin of goods in bilateral trade and apply the clauses of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin.

First Deputy Prime Minister Stepan Kubiv and Georgian Minister of Economy Natia Turnava signed the protocol amending the free trade agreement between the two countries today within the 2nd informal Deep and Comprehensive Free Trade Area (DCFTA) Ministerial meeting in Kyiv.

At the meeting Georgia, Ukraine and Moldova shared their experience of the implementation of the DCFTAs and success stories of companies from all three countries operating on and exporting to the EU market.

As for the amendments to the free trade agreement, they aim to help Ukraine and Georgia use identical rules of origin of goods in bilateral trade and apply the clauses of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin.

The amendments to the free trade agreement with Georgia will help create the first functioning triangle of diagonal cumulation between the European Union, Ukraine and Georgia.