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Georgia : Georgia and China signed a free trade agreement.

Georgia and the Republic of China signed a free trade agreement. The document was signed by Minister of Economic Development and Commerce of China said.

Georgia and China in bilateral trade relations in recent years, an increasing tendency to stand out. Free Trade Agreement entered into force, it will be deepened and cooperation to the new level, which will be based on the principle of mutual.

Georgia Free Trade Agreement in goods and services to the world's largest open market, which is about 1.4 billion consumers combines. At the same time, China imported about 94 percent customs tax for the Georgian products.

The agreement is a very important incentive for new investment projects in Georgia, development of entrepreneurship and growth in terms of export of Georgian products that have a positive impact on the country's economic development and the level of unemployment to reduce the figure.

It should be noted that the free trade agreements have been concluded with the EU, Turkey, CIS countries and the European Free Trade Association (EFTA).

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Publication:Mena Report
Geographic Code:9CHIN
Date:May 17, 2017
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