About Civil.ge
Eng | Geo | Rus
Last updated: 18:49 - 30 Jul.'16
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
30 Jul.'16 18:49
Constitutional Court Judges in Public Row over High-Profile Cases
“It’s safe to say that the Constitutional Court is in crisis,” Parliament Speaker said.
29 Jul.'16 14:37
Geostat: 2.9% GDP Growth in H1’16
Real GDP grew 3.1% y/y in the second quarter of 2016, after 2.6% growth in the first quarter.
29 Jul.'16 13:35
Political Ratings in NDI-Commissioned Poll
More than third of likely voters were undecided, according to poll fielded more than three months before elections.
29 Jul.'16 10:21
Defense Minister, State Minister for Reconciliation Resign, Effective Aug.1
PM has yet to name new ministers for two cabinet posts, which will become vacant next week.
28 Jul.'16 18:45
Investigators Interview Constitutional Court Judges over Alleged Pressure
Constitutional Court chair met Chief Prosecutor on July 28, a day after meeting the Prime Minister.
27 Jul.'16 17:51
Hungary’s FM Visits Tbilisi, Says EU Should Grant Visa-Free Travel to Georgia ‘Immediately’
He also said Hungary wants Georgia “to be invited in NATO as soon as possible.”
27 Jul.'16 15:19
Central Bank Cuts Key Rate to 6.75%
The central bank said that the key rate “is expected to be cut to 6% in a mid-term period.”
27 Jul.'16 13:27
NDI-Commissioned Public Opinion Survey
The poll shows respondents’ attitudes towards broad range of issues, among them foreign policy.
26 Jul.'16 23:05
Tbilisi Says Local Man ‘Physically Assaulted by Occupying Troops’ at S.Ossetia Administrative Border
The incident occurred close to the village of Kirbali of Gori municipality, southeast of Tskhinvali.
26 Jul.'16 15:19
Addressing Georgian Diplomats, PM Speaks of Foreign Policy Priorities
Georgian diplomacy should be capable of being adapted to fast changing int’l situation, he said.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
44