Georgia, United Arab Emirates announce talks on free trade agreement
Georgian Prime Minister Irakli Garibashvili on Tuesday met Ahmed Ali Al Sayegh, the State Minister of the United Arab Emirates for Economy and Trade, in Tbilisi. Photo: Government of Georgia press office
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Georgian Prime Minister Irakli Garibashvili and Ahmed Ali Al Sayegh, the State Minister of the United Arab Emirates for Economy and Trade, on Tuesday announced talks on a free trade agreement between the two countries following their meeting in Tbilisi.
The talks are starting this month in a bid to upgrade the current trade and economic ties, the Government Administration said, with Al Sayegh praising Georgia’s “favourable business environment” and noting a number of projects were being implemented in the country with UAE investments.
The interest to invest in Georgia from the UAE is increasing”, the Administration cited Al Sayegh as saying.
Expressing gratitude to UAE authorities for allowing visa-free travel for Georgian citizens, the head of the Georgian Government said the political dialogue between the countries had “strengthened in recent years”, noting “high-level meetings” as an indication.
The United Arab Emirates has decided to establish visa-free travel for Georgian citizens following talks with Georgia, the Embassy of Georgia to the country announced on Monday.
Georgian and Emirati citizens are now able to travel between the two countries without requiring a visa, with the agreement between the two states coming into force starting this week, the Georgian Foreign Ministry said on Tuesday.
Georgia and the United Arab Emirates (UAE) signed an agreement on starting free trade negotiation during Dubai Expo 2020 earlier today, the Georgian Economy Ministry reports.
Georgia will be one of the first countries in the region to start negotiations on a free trade agreement with the United Arab Emirates (UAE), Georgian Economy Minister Natia Turnava announced after the meeting in the Ministry of Economy of the UAE.
Georgia and the United Arab Emirates on Tuesday signed a memorandum to establish a joint business council, with Georgian Economy Minister Levan Davitashvili and Ahmed bin Ali Al Sayegh, the UAE Minister of State, adding their signatures to the agreement.
Georgia and the United Arab Emirates have launched the first round of talks for establishing a free trade agreement between them as part of a visit of UAE officials in capital Tbilisi, the Georgian ministry of economy announced on Tuesday.
Georgian prime minister Irakli Garibashvili and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Monday discussed cooperation between the countries and prospects of boosting trade ties and investment at their meeting in Abu Dhabi, the Georgian government’s press office said.
Georgian economy minister Levan Davitashvili on Tuesday said his government could sign a comprehensive economic cooperation agreement with the United Arab Emirates early next year in a bid to strengthen bilateral trade.
Türkiye ($2.55 billion), Russia ($2.20 billion) and China ($1.67 billion) were the top trading partners of Georgia in its total external trade turnover in January-November 2022, preliminary data from the national statistics office of Georgia show.
Government delegations of Georgia and the United Arab Emirates on Wednesday met in the Georgian capital city of Tbilisi to launch the third and final round of their negotiations on a free trade agreement between the states, the Ministry of Economy of Georgia announced.
Georgian Prime Minister Irakli Garibashvili on Tuesday discussed investment plans with Mohamed Ali Rashed Alabbar, the founder and Managing Director of the United Arab Emirates-based real estate developer Emaar Properties.