Georgia and China sign new deal aiming to develop tobacco and tea business
Free Trade Agreement between Georgia and China came into play on January 2018. Photo: rave.me.
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Georgia and China has signed a memorandum which aims popularizing Georgian tobacco and tea, supporting business in Georgia’s black sea region of Adjara.
Free Trade Agreement between the governments of Georgia and China enables the representatives of business to cooperate actively and promoting export of Georgian tea and tobacco products to the international market. The memorandum is another chance to attract foreign investment in Georgia’s agriculture”, said Deputy Minister of Agriculture, Khatia Tsilosani.
The memorandum has been signed in Beijing, China. Photo: The Ministry of Agriculture of Georgia.
Free Trade Agreement between Georgia and China came into play on January 2018, which means that Starting from January 1 (2018), Georgian wine, mineral waters, honey, tea, fruit, vegetables and agricultural products will be exported to China and its market of 1.4 billion consumers, with zero tariffs, without additional customs fees.
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.
Georgia opens new opportunities to its visitors by offering a newly established Tea Route. The newly established Tea Route creates touristic and development opportunities from the Black Seaside region of Adjara to the mountainous parts of Guria region in the country’s west.
Free Trade Agreement between Georgia and China has come into play on January 1, 2018, making Georgia the first country in the region to have such a deal with China.
Georgia is stepping up its efforts to rehabilitate existing tea plantations and encourage development of tea production in the country.
The European Union, Sweden and Austria are supporting organic tea production in highland regions of Georgia under a project set to equip producers with modern hardware and provide them with training.