Deputy Minister of Economy Genadi Arveladze has met with media representatives on DCFTA matters on February 8-9 where one of the main issues he discussed was Georgian free trade agreements.
Georgia has a free trade regime with the European Union (EU), the European Free Trade Association (EFTA), Commonwealth of Independent States (CIS) countries, Turkey, China and Hong Kong.
Currently, products made in Georgia have access to one-third of the world consumer market through free trade regimes which reach more than 2.3 billion consumers in total.
Free trade with two members of EFTA including Norway and Iceland came into force in September 2017, while free trade agreements with Switzerland and Liechtenstein came into force in May 2018.
The free trade agreement with Turkey came into force in November 2008, while with China it came into force in January 2018.
Georgia also has bilateral free trade agreements with Russia, Uzbekistan, Moldova, Kazakhstan, Ukraine, Turkmenistan, Azerbaijan, and Armenia, said Deputy Minister of Economy Genadi Arveladze at the meeting with the media representatives on DCFTA matters.
Georgia signed the Association Agreement with EU in 2014 which includes the Deep and Comprehensive Free Trade Area (DCFTA) with the European Union (EU).
Before Brexit came into force, we negotiated with the government of the UK, signed the [free trade] agreement and ratified it. Now we expect the same from Britain. We think it will ratify the agreement approximately in a month. It is important for us to finish this process on time,” said Arveladze.
Arveladze said that the feasibility study of free trade with India has been completed and the first round of negotiations will be held very soon. He also spoke about the possible free trade between Georgia and Israel and said that the feasibility study of free trade with Israel is in its final stages.
A meeting with media representatives was held on February 8-9 and was organised by the Ministry Economy and the European Union within the framework of the project ‘Facility for the Implementation of the EU-Georgia Association Agreement-II’.