Deputy Economy Minister hails increased, “record” number of export from Georgia to EU
Georgia’s trade turnover in 2022, with the EU, increased by 29 percent, amounting to $3,912 million and accounted for 21 percent of the country’s total external trade turnover, while exporting companies increased by 71 percent compared to 2014 with a total number of 961. Photo via Economy Ministry
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The European Union market has been becoming “more stable and predictable” for Georgian exporters, increasing exports of goods to the EU countries to a “record” number, Georgian Deputy Economy Minister Genadi Arveladze said on Friday.
Arveladze introduced a report on the 2023 national action plan and the implementation of the 2022 Deep and Comprehensive Free Trade Area agreement between Georgia and the EU to the Parliament’s European Integration Committee, the Economy Ministry said.
The Deep and Comprehensive Free Trade Area deal played an important role in the “positive dynamics” of trade with the EU, the Deputy Minister said and highlighted the last year’s “record” export figures, which had exceeded $800 million and “significantly” increased the number of exporting companies, around up to 1000.
It is noteworthy that before 2014 these figures were much lower. Today, we have an absolutely different reality and different numbers", Arveladze added.
Georgia’s trade turnover in 2022, with the EU, increased by 29 percent, amounting to $3,912 million and accounted for 21 percent of the country’s total external trade turnover, while exporting companies increased by 71 percent compared to 2014 with a total number of 961.
Paweł Herczyński, the Ambassador of the European Union to Georgia, on Friday said the role of the Middle Corridor, the logistics route linking Europe and Asia via the South Caucasus, was increasing and added the EU was supporting the project for facilitating its increased scope of operation.
The European Union will transfer €20.87 million to support the implementation of "key reforms" in various sectors of the Georgian economy, from economic and business development to rural advances and food safety, the EU Delegation to Georgia announced on Thursday.
The Georgian ministries of infrastructure and internal affairs are launching a public information campaign to raise awareness on the importance of road safety in the country, with the European Union lending the bodies its support in the effort.
Georgia's strategic geographic location makes a "natural bridge" connecting the West and the East and is a gateway to eight landlocked countries of the South Caucasus and Central Asia, which is a crucial link on the European Union's Global Connectivity map and a game changer, when it comes to diversification of transport routes and energy supply, Georgian Prime Minister Irakli Garibashvili said on Saturday.
Georgian external trade turnover amounted to $1.46 billion in January 2023, posting a 29.1 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
Georgian external trade turnover amounted to $2.89 billion in January-February 2023, posting a 12.3 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
Russia ($467.1 million), Turkey ($387 million) and China ($246.4 million) were the top trading partners of Georgia in its total external trade turnover between January and February, preliminary data from the National Statistics office of Georgia shows.
Georgian external trade turnover amounted to $4.78 billion in January-March 2023, posting a 22.1 percent increase year-on-year, the Georgian National Statistics Office revealed on Thursday.
Export of Georgian agricultural products to countries of the European Union is on the rise, with the Ministry of Agriculture data showing a 21 percent year-on-year increase in the figure in the first quarter of 2023.
Turkey ($673.7 million), Russia ($666.9 million) and China ($376 million) were the top trading partners of Georgia in its total external trade turnover between January and March, preliminary data from the National Statistics office of Georgia shows.
Georgian external trade turnover amounted to $6.49 billion in January-April 2023, posting a 21.9 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
Georgian Deputy Economy Minister Vakhtang Tsintsadze on Monday said exports from the country had reached a “record high” figure in the first four months of 2023.
Turkey ($925.3 million), Russia ($848.5 million) and Azerbaijan ($500.9 million) were the top trading partners of Georgia in its total external trade turnover between January and April, preliminary data from the National Statistics office of Georgia shows.
Georgia has exported locally produced goods worth $1.96 billion in January-April 2023, which is 23.6 percent higher year-on-year, the preliminary data from the National Statistics Office of Georgia show.
Georgian external trade turnover amounted to $8.36 billion in January-May 2023, posting a 18.9 percent increase year-on-year, the Georgian National Statistics Office revealed on Tuesday.
The export value of Georgian agro-food products in 2023 increased by 27.7 percent, compared to the same figure of the previous year, amounting to $787.5 million, the Ministry of Environmental Protection and Agriculture of Georgia said on Friday.
Genadi Arveladze, the Deputy Economy Minister of Georgia, on Wednesday told the Parliament's European Integration Committee that 60 percent of the country’s commitments made under the 2014 Deep and Comprehensive Free Trade Area deal with the European Union in terms of alignment of the domestic legislation with the bloc’s framework had been fulfilled.