Georgian deputy economy minister to hold bilateral investment talks in Korea
Georgian deputy economy minister Genadi Arveladze will visit South Korea between Monday and Wednesday to hold talks on a bilateral investment agreement between the countries. Photo: ministry of economy
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Georgian deputy economy minister Genadi Arveladze will visit South Korea between Monday and Wednesday to hold talks on a bilateral investment agreement between the countries, the ministry announced on Monday.
As part of the visit, Arveladze is planned to feature in the third round of negotiations on the agreement on promotion and protection of investments with Korea.
The ministry said the deal would contribute to the protection of private capital and stimulate the implementation of Korean investments in Georgia and vice versa.
The first official round of negotiations on the investment agreement between the two states was held in June 2021, after consultations had started in 2019.
The importance of developing bilateral and multilateral relations between Georgia and the Republic of Korea was discussed on Thursday in a meeting between Georgian prime minister Irakli Garibashvili and Tarash Papaskua, the country’s newly appointed ambassador to Korea.
Davit Tkemaladze, the Deputy Chairman of the Georgian National Wine Agency, has visited Seoul to support Georgian wine producers in exploring the Korean market and presenting their product to consumers, The Korea Herald reported on Tuesday.
A total of 14 Georgian wine companies participated in the international Wine and Spirits Expo held between June 30-July 1 in Seoul, the National Wine Agency of Georgia announced on Monday.
Georgia and Korea have signed an agreement on air traffic, according to which Georgian airlines will be able to operate regular flights to and from Korea's largest international airports, while Korean airlines will be able to operate regular flights at Georgian airports, announces the Ministry of Economy of Georgia.
Georgia and South Korea have held the third round of negotiations on the agreement on promotion and protection of investment between the countries, the Georgian ministry of economy announced on Tuesday.
A joint feasibility study on a free trade agreement between Georgia and South Korea has confirmed that the deal would have a positive impact on the economic welfare of both countries, the ministry of economy announced on Wednesday.
Georgia and South Korea will launch negotiations for signing a partnership agreement deepening trade and economic ties between the countries this year, the Ministry of Economy of Georgia announced on Tuesday.
The South Korean capital of Seoul has hosted 16 Georgian wine producer companies in a showcase of their products with the support of the United States Agency for International Development and the National Wine Agency of Georgia.