Georgian economy minister: Turkey is Georgia’s top trading partner, exports increased by 66%
Georgian Minister of Economy Natia Turnava met with Turkish Trade Minister Mehmet Mus in Baku earlier today. Photo: Ministry of Economy press office.
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Georgian Minister of Economy Natia Turnava met with Turkish Trade Minister Mehmet Mus during the Georgia-Azerbaijan-Turkey Business Forum held in Baku, stating that Turkey is the top trading partner for the country.
Turnava said that bilateral trade between Georgia and Turkey has increased by 30% in the first 10 months of 2021, while export to Turkey has increased by 66% in the reported period.
Export of agricultural products has increased by 24%, while exports of industrial products has increased by 84%. Georgia and Turkey are successfully cooperating in the trade, energy, transport, communication, tourism and other sectors,” Turnava said.
The officials agreed that the next meeting of the free trade committee of Georgia and Turkey would be held in Tbilisi on December 23 to strengthen cooperation through the liberalization of tariffs.
In Baku, we met with Natela Turnava, Georgian Minister of Economy and Sustainable Development.
— Dr. Mehmet Muş (@mehmedmus) December 14, 2021
We discussed expanding the scope of our Free Trade Agreement, trade in services, the Baku-Tbilisi-Kars railway and cooperation in customs issues.
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Turnava and Mus have discussed the opportunities ensured by a new economic cooperation strategy between Georgia, Turkey and the EU.
According to the strategy, Georgia will produce a range of products with raw materials imported from Turkey and the products will be sold on the EU market.
Turnava said that this model of cooperation will support the development of several industrial sectors in Georgia, including textile, furniture, building materials, plastics and others, and attract new foreign investments.
She said that the launch of the cooperation will also increase the range of products that can be exported to the EU, as well as encourage Turkish investments in Georgia.
Turnava said that more than 1.7 billion USD has been invested in Georgia from Turkey between 2005 and 2020, noting that Turkish investments amounted to 75.55 million USD in the first three quarters of 2021, ‘which is 107% more compared to the same period of the last year.’
She stated that more than 5.6 million tourists from Turkey have visited Georgia between 2015 and 2020, while 261,289 visitors arrived in Georgia from the country in the first ten months of 2021.
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