Economy Minister: Gov’t ready to bring trade, investment ties with US to “new level”

Georgian Economy Minister Levan Davitashvili on Friday said the Government was ready to “take all necessary steps” to elevate its trade and investment partnership with the United States and its business community to a “new level”.

The US, a valuable strategic partner for us, has always supported Georgia in various areas. Our integration into the European Union will further bolster friendly relations and cooperation between American businesses and Georgia”, Davitashvili said in comments at his meeting with members of the American Chamber of Commerce in Georgia.

The Minister emphasised the Government’s “primary economic strategy” was to deepen economic relations with the EU and the US. 

We are planning to reach out to companies in the US and introduce them to the business opportunities available in Georgia. The US is one of the top five trading partners of our country, with a 10 percent share in trade turnover, ranking it fourth. American foreign investments, with a share of nine percent, have played a vital role in the development of Georgia's economy”, he added.

The official also presented key economic indicators of the recent period to members of the Chamber, along with trends showing dynamics of development and the progress of “strategic” transport and infrastructure projects. 

Davitashvili highlighted the “resilience” of Georgia's economy against past economic crises, maintenance of domestic macroeconomic stability and creation of “strong” economic foundations for achieving long-term development goals.