Korea Importers Association (KOIMA) takes an interest in importing Georgian products
Korean companies represented at the forum are interested in importing Georgian products such as wines, soft drinks, nuts, juices and vegetables”, said Arveladze. Photo: Ministry of Economy.
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Companies of the Korea Importers Association (KOIMA) have expressed interest in importing Georgian products to the Republic of Korea, announced the Georgian Deputy Economy Minister Genadi Arveladze at the Korea-Georgia Business Forum held in Tbilisi today.
The forum was organised by Enterprise Georgia and Embassy of Georgia to the Republic of Korea.
Georgian exports to South Korea was $4,988,700 in January-August 2019, which is 0.21 per cent of total exports.
Georgian imports from South Korea was $35,495,600 in January-August 2019, which is 0.62 per cent of total exports.
Georgia’s investment opportunities and business environment were discussed at the meeting. The main reason for the visit of the Korean delegation was to strengthen trade relations and establish new business contacts between Georgia and South Korea.
Korean companies represented at the forum are interested in importing Georgian products such as wines, soft drinks, nuts, juices and vegetables”, said Arveladze.
A memorandum of cooperation was signed between Enterprise Georgia and KOIMA at the forum.
The state-funded program ‘Produce in Georgia’ will continue its activities with a new structure in order to implement projects in a more flexible and effective way. The structural changes will include the unification of four different agencies under one umbrella which were formerly responsible for separately implementing different aspects of the program.
Economic and business relations between the two countries were in focus of today’s meeting between Georgia’s Prime Minister Giorgi Kvirikashvili and chairman of Korea's National Assembly Chung Ui-hwa in Tbilisi.
A South Korean business delegation is visiting Georgia to investigate ways to deepen bilateral economic relations.
South Korea’s largest multinational steel-making company POSCO is keen to invest $500 million dollars in Georgia to build a new metallurgical plant.
The first session of the Georgia-Korea Intergovernmental Economic Commission has been held to deepen economic ties to strengthen cooperation between Georgia and South Korea in fields such as trade, transport, logistics, energy, tourism, small and medium size businesses, start-ups, innovations and information and communication technologies, announced the Economy Ministry press office.
Georgia and Korea have signed an agreement on air traffic, according to which Georgian airlines will be able to operate regular flights to and from Korea's largest international airports, while Korean airlines will be able to operate regular flights at Georgian airports, announces the Ministry of Economy of Georgia.
A month-long display introducing the history of wine and winemaking in Georgia to residents of Seoul will open in both physical and digital form on Wednesday.