Georgian Economy Minister, Turkish Trade Minister discuss economic relations, sign amendments to Georgia-Türkiye Free Trade Agreement

Georgian Economy Minister Levan Davitashvili and Mehmet Muş, Turkish Trade Minister on Saturday signed the amendments to the Georgia-Türkiye Free Trade Agreement and discussed economic relations between the two countries.

The officials said the economic relations between Georgia and Türkiye have been a “visible example” of how trade and economic cooperation between “two neighbouring countries” could be developed, while also highlighting that Türkiye has been the “largest trade partner” of Georgia, with a free trade regime operated.

Successful projects, having been implemented in “almost all fields” in recent years, were also emphasised, which have been a result of the “consistent deepening and liberalisation” of trade and economic relations between the countries, the Economy Ministry said.

The sides also stressed that despite the “dynamic” trade relations between the countries, the potential has been “much greater”, which would be facilitated by the changes in the Free Trade Agreement, as well as by diagonal cumulation, and noted that the aforementioned would bring the business circles of the two countries “closer together” and help to expand or create new industrial enterprises, promote employment and increase exports to the European Union.

The importance of the Georgian and Turkish private sectors to take “maximum advantage” of this “unique” opportunity for the development of bilateral economic relations was also highlighted.

The Turkish Trade Minister also participated in a forum entitled Trade and Investment Opportunities, Diagonal Cumulation held in the Georgian capital of Tbilisi on Friday, which praised the benefits of the 2018 agreement between Georgia, Türkiye and the EU for strengthening trade and economic ties between the sides.