Georgia, UAE deal to ensure “stronger, consolidated” trade, economic ties - PM
The prime ministers of the two countries participated remotely in the signing ceremony hosted in the UAE, the Government Administration said, with Garibashvili noting strengthening relations with the UAE was a “very important priority” for his Government. Photo via Government Administration
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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.
The prime ministers of the two countries participated remotely in the signing ceremony hosted in the UAE, the Government Administration said, with Garibashvili noting strengthening relations with the UAE was a “very important priority” for his Government.
I am sure this new stage of relations between the two countries will contribute to the activation and simplification of trade and economic relations for the benefit of our people”, he said.
Mohammed bin Rashid Al Maktoum, the Prime Minister of the UAE, said the agreement would be a “new milestone” in the relations between the countries.
I am sure today's agreement will provide many opportunities for our countries in the future”, the official pointed out.
The deal is scheduled to come into effect by the first quarter of 2024 and add at least $4 billion to the Gulf country's gross domestic product by 2031, The National media outlet has said.
Once enacted, the pact will eliminate or significantly reduce tariffs, remove non-tariff barriers and promote trade in goods, services and investment.
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.
Georgia’s export promotion agency Enterprise Georgia promoted “advantages” of the country’s business climate with prospective investors at the Annual Investment Meeting in Abu Dhabi last week, Director Mikheil Khidureli has said.
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.
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.
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.
Georgian Deputy Economy Minister Mariam Kvrivishvili and Abdulla bin Touq Al Marri, the Minister of Economy of the United Arab Emirates, on Thursday discussed economic cooperation during a meeting hosted as part of the General Assembly of the United Nations World Tourism Organisation in Samarkand, Uzbekistan.
Georgian Prime Minister Irakli Garibashvili and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates, on Thursday discussed bilateral relations and prospects for future cooperation.
Cooperation between Georgia and the United Arab Emirates was discussed on Monday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Abdulla Nasser Lootah, the Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange of the United Arab Emirates.