Georgia: At a meeting of the Georgian Parliament’s Integration and Field Economics and Economic Policy Committees with Europe, Genadi Arveladze, Georgia’s Deputy Minister of Economy and Sustainable Development, discussed the execution of the Deep and Comprehensive Free Trade Area Agreement (DCFTA) with the European Union (EU).
It is worth noting that the deputy minister also presented a 2025 action plan that included “expansion” recommendations noted by “account.”
The Deputy Minister presented detailed information about current and future reforms aimed at imposing European standards in Georgia, strengthening state institutions, and bringing them closer to European practice.
As Genadi Arveladze noted, Georgian legislation is close to more than 68% of EU legislative acts provided by DCFTA, which, according to him, is the result of teamwork and effective work of various Georgian government agencies.
He focused attention on the work of the Ministry of Economy and Sustainable Development in promoting small and medium-sized enterprises, increasing their competitiveness and supporting them to enter new export markets.
According to Genadi Arveladze, in 2024 648 loans of 565 companies have been approved within the framework of the Universal Business Support Program of the agency “Produce in Georgia”, the total approved volume is 487 million GEL.
According to him, growth was recorded on important agricultural products such as mineral water – 28 percent, wine – 10 percent, nuts – 29 percent, and others. According to him, according to the data of 2024, the number of exporting companies in the European Union increased by 58% compared to 2014 and reached 976.
Notably, Genadi Arveladze spoke in detail about cooperation with the European Union in trade, promotion of small and medium enterprises, market supervision, standardization and metrology, accreditation, communications, competition and consumer rights protection, customs, intellectual property protection, public procurement, and other areas.
The Deputy Minister also paid special attention to the reform implemented in recent years on market surveillance, within which the legislative mechanism will ensure more effective implementation of supervision measures on Georgian markets and significantly reduce industrial and consumer products that are not in compliance with the law in the country.
