About Civil.ge
Eng | Geo | Rus
Last updated: 18:46 - 16 Jan.'17
RSS
Mobile
Twitter
Facebook
EU, Georgia Conclude Free Trade Talks
Civil Georgia, Tbilisi / 22 Jul.'13 / 18:24

The European Union and Georgia “successfully concluded” on July 22 negotiations for a Deep and Comprehensive Free Trade Area (DCFTA), the European Commission said.

The DCFTA will be included in the Association Agreement and signed as soon as internal EU and Georgia procedures are completed, it said.

“The comprehensive FTA, negotiated in just 17 months and seven rounds, will see Georgia gaining better access to the EU market for its goods and services. The FTA also sets a path for further reforms in trade-related policies, such as hygiene standards for agricultural products and the approximation of regulations for industrial products. This will boost access for Georgian goods to the EU market whilst also increasing consumer safety in Georgia. The Agreement is expected to boost the inflow of European direct investment to Georgia thanks to an open, stable and predictable policy-making environment,” the European Commission said.

EU and Georgia launched DCFTA talks in February, 2012.

Georgia hopes to initial - a step before the official signature, Association Agreement with the EU, which also includes DCFT, by the time of the Eastern Partnership summit in Vilnius in late November.

Foreign Minister of Lithuania, Linas Linkevičius, whose country holds EU’s rotating presidency, wrote on his Twitter: “I welcome conclusion of Georgia free trade talks. Important EaP phase completed. We should seek more beyond Vilnius” summit.

Štefan Füle, EU Commissioner for Enlargement and European Neighbourhood, wrote on his Twitter that concluding of the DCFTA talks would now pave the way for initialing of the Association Agreement at the Vilnius summit.

Trade Sustainability Impact Assessment, a report carried out for the EU, forecasts that the DCFTA has a potential to increase Georgia’s exports to the EU by 12% and imports from the EU by 7.5%.

Latest News
16 Jan.'17 18:46
Georgia Signs MoU with Top Chinese Company
The memorandum was signed within the One Belt, One Road project.
16 Jan.'17 16:11
NDI-Commissioned Public Opinion Survey
Part of the public opinion poll involving political rankings will be published on Wednesday.
15 Jan.'17 14:21
De Facto South Ossetian Leader on New Defense Agreement with Russia
Leonid Tibilov says that the breakaway region will maintain its armed forces.
13 Jan.'17 22:53
UNM’s Parliamentary Faction Changes its Head, Name
The parliamentary faction was renamed to European Georgia and will be led by MP Sergo Ratiani.
13 Jan.'17 15:53
Gazprom Comments on New Transit Terms with Georgia
The parties agreed to shift to currency transactions for reimbursing the transit services,” Gazprom says.
13 Jan.'17 14:46
Georgian Foreign Minister Visits Lithuania
Mikheil Janelidze will speak at the Snow Meeting, an annual security conference hosted by Lithuanian MFA.
12 Jan.'17 18:25
Saakashvili Reacts to UNM Split
“The rule of losers is over,” Saakashvili said on the departure of some of the UNM leaders.
12 Jan.'17 18:11
Abkhazia to Face Electricity Supply Problems, Georgian Officials Say
Georgian Energy Minister Kakha Kaladze plans to meet Abkhaz officials over Enguri HPP.
12 Jan.'17 17:14
CSOs Call For Disclosing New Agreement with Gazprom
The Coalition for Euro-Atlantic Georgia claims that new transit terms “worsen the country’s energy security.”
12 Jan.'17 15:38
United National Movement Splits
UNM Leaders leave the party and announce plans for a new political movement.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
21