About Civil.ge
Eng | Geo | Rus
Last updated: 17:05 - 24 Oct.'16
Russia Plans to Suspend Free Trade Treaty with Georgia
Civil Georgia, Tbilisi / 30 Jul.'14 / 22:39

Russian government plans to adopt a decree suspending bilateral free trade agreement with Georgia signed twenty years ago.

The move comes after Georgia signed late last month deep and comprehensive free trade agreement with the EU; provisional application of large part of this treaty, which is part of the Association Agreement, will start from September 1.

A draft of the Russian government’s decree, which is going through final stages of procedures before being adopted, reads: “Accept a proposal by the Russian Ministry of Foreign Affairs, which has been agreed with the Ministry of Economic Development and Ministry of Justice, on suspension of the February 3, 1994 free trade agreement between governments of the Russian Federation and Georgia.”

A technical expert-level consultation was held in Prague on July 7 between Georgia and Russia on potential effects of Georgia’s deep and comprehensive free trade agreement with the EU on bilateral Georgian-Russian trade. The meeting was welcomed by both Tbilisi and Moscow as “constructive” and “useful”.

After meeting Georgian PM’s special representative for relations with Russia, Zurab Abashidze, in Prague on July 9, Russian Deputy Foreign Minister Grigory Karasin said that Georgia’s free trade agreement with the EU would definitely have an impact on trade between Georgia and Russia, but the issue needed a thorough examination, including in the context of customs duties, in order to avoid “negative surprises.”

“I think that there is no need to threaten neither ourselves nor partners in advance with measures and sanctions; what is needed is to sit down calmly in mutual respect and thoroughly calculate in which areas and to what extent changes may occur in trade and economic ties between our countries following the recent signature by Georgia of the Association Agreement with the EU,” Karasin said on July 9.

Georgian PM’s special envoy for relations with Russia, Zurab Abashidze, said after the meeting on July 9 that “no dramatic changes are expected in our trade relations” with Russia.

Georgia’s bilateral trade with Russia increased 35.4% in the first five months of 2014, compared to the same period of last year, mostly due to 3.5-fold increase in Georgian exports to Russia.

Latest News
24 Oct.'16 17:05
New Secretary of NSC Appointed
Davit Rakviashvili, former deputy state minister for reintegration, was appointed to this position.
24 Oct.'16 16:37
CEC Summarizes Proportional, Majoritarian MP Election Results
77 seats in the new Parliament will be allocated to three parties under the proportional representation.
24 Oct.'16 14:05
Some UNM Leaders Slam Roelofs’ Decision to Withdraw from MP Runoff
Ex-President Mikheil Saakashvili denied any involvement in the decision of his wife. 
23 Oct.'16 14:34
Repeat Elections in Four Precincts Go to Runoffs
UNM and GD candidates will compete in the second rounds in Marneuli and Zugdidi.
22 Oct.'16 20:39
Polls Closed, Vote Count Underway
Outcome of repeat elections will decide whether runoffs will be required in Marneuli and Zugdidi.
22 Oct.'16 14:11
CEC: Voter Turnout in Four Precincts by Noon
The highest voter turnout was recorded in precinct No.108 in the village of Jikhashkari by noon.
22 Oct.'16 11:00
Polls Open for Repeat Elections in Four Precincts
Repeat vote should decide whether races for Zugdidi and Marneuli majoritarian MP seats go into runoff.
21 Oct.'16 19:24
One Soldier Dead After Army Truck Overturns in Eastern Georgia
Accident occurred near the village of Bodbe when the truck was transporting 37 soldiers.
21 Oct.'16 13:50
Final Results of Adjara Elections
4 parties cleared threshold: GDDG - 45.13%; UNM - 29.62%; Burjanadze’s party - 5.89%, APG - 5.7%.
20 Oct.'16 19:10
Constitutional Court Elects New Chairman
Zaza Tavadze, who is a member of the Constitutional Court since 2010, took the chairmanship.

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