About Civil.ge
Eng | Geo | Rus
Last updated: 23:39 - 24 Feb.'17
RSS
Mobile
Twitter
Facebook
Georgia, China Hold First Round of Free Trade Talks
Civil Georgia, Tbilisi / 23 Feb.'16 / 12:49

Officials from the Georgian Economy Ministry and Chinese Ministry of Commerce held first round of talks on free trade agreement between the two countries in Tbilisi on February 22-23.

“We have agreed on a joint goal to complete free trade negotiations by the end of 2016,” Georgian chief negotiator and deputy economy minister, Genadi Arveladze, told journalists on February 23, adding that meetings between negotiators will be held once in two months.

“We will try to achieve maximum liberalisation of customs duties and taxes for export of Georgian products to the Chinese market,” he said.
 
China was Georgia’s fourth largest trading partner in 2015 with turnover of USD 712.7 million. Exports to China increased by 39.1% y/y to USD 125.8 million last year, mostly due to hike in export of copper ores and concentrates. Imports from China were down by 19.9% to USD 586.9 million in 2015.

Georgia’s Economy Minister Dimitri Kumsishvili said in December when he signed a memorandum with China on launch of free trade talks, that the Georgian side would especially focus on gaining preferential regime for exporting of the Georgian wine and agriculture products to China.

Georgia exported 2.67 million 0.75-liter bottles of wine to China in 2015, up by 122% compared to 2014, according to the National Wine Agency of Georgia.

Latest News
24 Feb.'17 23:39
Armenian PM Meets Georgian Leaders in Tbilisi
PM Karen Karapetyan was on his official visit to Georgia on February 23-24.
24 Feb.'17 17:29
President Slams Sergey Lavrovís Munich Statements
Attempts of radioactive waste transit from the occupied territories were intercepted, Margvelashvili said.
24 Feb.'17 13:30
Georgian Citizen Captured by Congolese Rebels
Soso Osurauli, former Georgian serviceman, was working on a private contract in DR Congo.
24 Feb.'17 11:38
Georgia Commemorates Chechen and Ingush Deportation
Video conference with a similar event in Ingushetia was conducted, Reconciliation Ministry said.
23 Feb.'17 17:44
Amnesty: Georgia Lacks Judicial Independence
Amnesty International report documents the state of human rights in 159 countries.
23 Feb.'17 16:24
Opposition Calls for Gazprom Deal Disclosure
UNM requested to establish a parliamentary investigative commission.
23 Feb.'17 14:33
GEL Appreciates Against USD, EUR
Georgian national currency, Lari (GEL) appreciated to 2.6029 against U.S. Dollar.
22 Feb.'17 16:52
Georgia to Re-elect ECHR Nominees
CoE Parliamentary Assembly committee rejected the three Georgia-nominated candidates on January 24.
22 Feb.'17 15:36
Georgian Diplomats Comment Lavrovís Munich Statements
Sergei Lavrov mentioned Georgia as one of the routes that terrorists ‘try to actively use.’
22 Feb.'17 11:46
Georgia at UN Security Council Open Debate
The Open Debate on ‘Conflicts in Europe,’ was convened by the Ukrainian Presidency.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
27