Gov’t aiming to strengthen “long-term, active” ties with UK - Deputy Economy Minister
It also said a delegation of the country, led by Arveladze, had featured in a presentation and discussion of the Strategic Partnership and Cooperation Agreement between the two states at the Committee on Regional Trade Agreements authorised under the World Trade Organisation. Photo: Ministry of Economy
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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.
The Ministry cited Arveladze as saying the UK “fully supported” Georgia's Euro-Atlantic aspirations and continued to support reforms aimed at the country’s integration into the European Union.
It also said a delegation of the country, led by Arveladze, had featured in a presentation and discussion of the Strategic Partnership and Cooperation Agreement between the two states at the Committee on Regional Trade Agreements authorised under the World Trade Organisation
The body added the agreement, signed in 2019 to replace Georgia’s Association Agreement with the EU in relations with the UK following Brexit, covered a “wide range” of cooperation and created a legal framework for “strategic partnership” and preservation of free trade between the two countries.
Terms of operation of airline companies between Georgia and the United Kingdom, from tariffs to flight frequency and safety regulations, were agreed in a deal signed between authorities of the two countries on Friday.
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.
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 Investment Forum, an event promoting the potential of the country for prospective investors from the United Kingdom, was hosted on Thursday in London.
Leo Docherty, the British Parliamentary Under Secretary of State for Europe, on Thursday highlighted the United Kingdom’s “continued support” for Georgia’s sovereignty and territorial integrity.
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.