Deputy Economy Minister, UK Exports Minister discuss trade, investment, economic cooperation
The Georgian official also mentioned the Tbilisi Silk Road Forum would be held in capital Tbilisi between October 26-27 to review “factors defining regional and global trade and connectivity”, and pointed out the UK would be represented at the Forum at a “high level”. Photo: Ministry of Economy
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Trade, economic and investment cooperation between Georgia and the United Kingdom was discussed on Wednesday in a meeting between Georgia’s Deputy Economy Minister Irakli Nadareishvili and Malcolm Offord, the UK Minister for Exports.
Georgia’s Economy Ministry cited Nadareishvili as saying it was “critical” to advance private sector cooperation to a “new level” to strengthen the commercial and economic ties between the two countries.
He also noted the governments of the two countries were setting up “significant platforms” to increase the representation of British businesses in Georgia and vice-versa.
The Ministry also said the officials discussed cooperation in tourism, with its “growing dynamics”, and added introduction of direct flights between the countries would further contribute to the trend.
The sides also discussed the situation created in the Black Sea region on the backdrop of the ongoing war in Ukraine, with the UK side highlighting the “great potential” of the Middle Corridor logistics route between Central Asia and Europe. The officials also pointed out the Black Sea submarine electricity cable project, intended to connect the grids of the South Caucasus and European Union member states.
The meeting noted the UK was an “important strategic political and economic partner” of Georgia, while also highlighting the existing frameworks of cooperation such as the UK-Georgia Wardrop Strategic Dialogue, in the eighth round of which the parties agreed on the future plans of bilateral relations. Launched in 2014, the format covers a wide range of areas of cooperation, including foreign, security, and defence policy, as well as economy and trade.
The Georgian official also mentioned the Tbilisi Silk Road Forum would be held in capital Tbilisi between October 26-27 to review “factors defining regional and global trade and connectivity”, and pointed out the UK would be represented at the Forum at a “high level”.
Strategic partnership between Georgia and the United Kingdom and “intensive” bilateral and multilateral cooperation involving the sides were discussed on Thursday in a meeting between the Georgian Foreign Minister Ilia Darchiashvili and his British counterpart James Cleverly.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, featured in a meeting on the development and transmission of green energy between the governments of Azerbaijan, Georgia, Hungary and Romania, the Ministry said on Tuesday.
Strategic cooperation between Georgia and the United States and the partnership in trade, transport and energy were discussed on Saturday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Heidi Gomez, the US Deputy Assistant Secretary of State.
Cooperation between Georgia and World Bank and the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states were discussed on Friday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Koen Davidse, the Executive Director of the Bank.
Potential for future cooperation between the Georgian Government and ATR, a major international aircraft manufacturer, was discussed in a meeting between the country’s Deputy Economy Minister Mariam Kvrivishvili and Jerome Gabory, the Vice President of the company.
Georgian Deputy Economy Minister Genadi Arveladze on Sunday discussed priority areas of economic cooperation between Georgia and the United States and its further development prospects with Carlos DeJuana, Managing Director of US International Development Finance Corporation and Alexander Sokolowski, Deputy Assistant Administrator in the Bureau for Europe and Eurasia at USAID.
The United Kingdom, Spain and the Netherlands were the major foreign direct investor countries in Georgia in the past year, the National Statistics Office of Georgia said on Tuesday in its adjusted data. Investors from the UK led the statistics with $437mln, with Spain second with $360.5mln, and the Netherlands in third with $196.2mln.
Georgia’s Deputy Economy Minister Genadi Arveladze on Monday said the country’s Government aimed to strengthen its “long-term and active” cooperation with the United Kingdom.
Georgian Deputy Economy Minister Genadi Arveladze on Monday led a delegation from the country in a meeting of the trade committee with the United Kingdom, with the discussions hosted in London as part of the strategic agreement between the two states.