Georgian Economy Minister, UAE Foreign Trade State Minister discuss economic relations, partnership deal
At the meeting, the officials “positively assessed” that the negotiations on the deal were completed in “a record time” - in only three rounds, which was “a sign” of the commitment of both sides to further strengthening already well-established bilateral relations between Georgia and the UAE. Photo via Economy Ministry
Tweet 
Share
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.
At the meeting, the officials “positively assessed” that the negotiations on the deal were completed in “a record time” - in only three rounds, which was “a sign” of the commitment of both sides to further strengthening already well-established bilateral relations between Georgia and the UAE.
The sides also discussed the trade turnover between the two states in the first eight months of this year, which increased by 72 percent and reached $276 million compared to the same period of the previous year, the Economy Ministry said.
At the joint press conference after the meeting, Davitashvili and Al Zeyoudi emphasised that the economic partnership agreement would be “a serious basis and incentive” for cooperation between the countries in both the trade-economic and investment spheres.
The exports and imports between Georgia and the UAE have also increased, with exports reaching 51 percent growth and imports 98 percent, Davitashvili also highlighted.
Photo via Economy Ministry
These figures do not correspond to the potential of our countries and we must direct all our efforts towards their improvement. I firmly believe that the establishment of a free trade regime between Georgia and the UAE will be beneficial for both countries”, the Minister noted.
Once enacted, the deal 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 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.
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.
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’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.
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.