Georgian PM, Korean Chamber of Commerce Chair discuss cooperation, prospects of deepening future partnership
The favourable investment environment in Georgia was emphasised by the officials, with the PM briefing Tae-won on the progress achieved by the Government in the economic direction despite the existing challenges. Photo via Government Administration
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Georgian Prime Minister Irakli Garibashvili and Chey Tae-won, the Chair of the Korean Chamber of Commerce and Industry and also, the Chair of the SK Group, on Saturday discussed cooperation in various fields and reviewed prospects of deepening future partnership.
The cooperation in the fields of politics, trade and economy, investment, energy, information technology and tourism between Georgia and Korea was part of the discussion at the meeting, held in the Government Administration.
Garibashvili highlighted “a great potential” of deepening cooperation with Korea and the importance of “fully using the existing opportunities”. The sides also discussed the prospects of beginning negotiations on a free trade agreement between the two states, the Administration said.
The favourable investment environment in Georgia was emphasised by the officials, with the PM briefing Tae-won on the progress achieved by the Government in the economic direction despite the existing challenges.
The Head of the Government said that Georgia had a “double-digit” economic growth in the last two years “as a result of the right policy” and stressed the country’s “great potential” for becoming a financial and digital hub, for which the Government “has been actively working”.
The Korean SK Group unites more than 200 companies, including in the fields of energy, chemical industry, telecommunications, bio-pharmaceuticals, and trade services.
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 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.
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.
The existing and future cooperation between the Georgian Government and diversified petrochemical and textile company Indorama Corporation was discussed on Saturday by Prime Minister Irakli Garibashvili and Sri Prakash Lohia, the founder and Chair of the Corporation at the meeting held in Tbilisi.
The bilateral economic cooperation between Georgia and Korea was discussed by Georgian Deputy Economy Minister Genadi Arveladze and Sarah Ahn, Korean Director-General for International Economic Affairs of the Foreign Ministry, the Economy Ministry said on Friday.
Genadi Arveladze and Irakli Nadareishvili, Georgia’s deputy economy ministers, on Monday discussed prospects of deepening economic ties with South Korea in a meeting with Jun-Ho Lee, the Vice Chairman of Federation of Middle Market Enterprises of Korea.
The first round of negotiations on economic partnership between Georgia and South Korea has opened in the Georgian capital city of Tbilisi, the Ministry of Economy said on Tuesday.