Georgia, United Arab Emirates begin final round of free trade talks
Government delegations of Georgia and the United Arab Emirates on Wednesday launched the third and final round of their negotiations on a free trade agreement between the states. Photo: Ministry of Economy
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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 Deputy Economy Minister Genadi Arveladze said the agreement would open the UAE market and its 10 million consumers with “high purchasing power” to Georgian exporting companies.
The agreement will cover trade in goods, rules of origin and procedures of origin, customs administration and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, trade protection measures, investment, trade in services, digital trade and other issues”, Arveladze said.
The state body announced the negotiations would be concluded on Friday before the signing of the deal at a later date.
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.
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.
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.
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’s Deputy Economy Minister Genadi Arveladze on Tuesday said development of “quality infrastructure” was a “priority” for the Government.
Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates, on Friday discussed trade and economic relations in a Tbilisi meeting, the Georgian Ministry announced.
The Georgian capital city of Tbilisi is hosting a business forum organised by officials and involving businesses of Georgia and the United Arab Emirates, with the event involving discussions of trade turnover and investment between the two countries.
Ongoing and planned infrastructure projects in Georgia were discussed on Friday between the Georgian Infrastructure Minister Irakli Karseladze and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates, the Georgian Ministry announced.
Georgia and the United Arab Emirates concluded negotiations on the comprehensive economic cooperation between the countries, with Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, signing the joint statement on Friday.
Georgia has exported locally produced goods worth $914.8 million between January and February, which is 20.3 percent higher year-on-year, the preliminary data from the National Statistics Office of Georgia show.
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.
Georgian Prime Minister Irakli Garibashvili on Tuesday said the comprehensive economic partnership agreement signed between Georgia and the United Arab Emirates earlier during the day had laid a “solid foundation” for the development of “stronger and consolidated” trade and economic relations between the countries.
Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the United Arab Emirates State Minister for Foreign Trade, on Tuesday discussed trade and economic relations, as well as the comprehensive economic partnership agreement signed between the two states earlier during the day.
The comprehensive economic partnership agreement was officially signed on Tuesday in Dubai by the Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the UAE State Minister for Foreign Trade.