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Monday, April 15, 2024

Deputy Minister of Economy presents 2023 Action Plan between Georgia and EU

Tbilisi: The Deputy Minister of Economy and Sustainable Development of Georgia, Genadi Arveladze presented the Parliament's European Integration Committee report on the implementation of the 2022 National Action Plan and the 2023 Action Plan between Georgia and the EU.

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Tbilisi: The Deputy Minister of Economy and Sustainable Development of Georgia, Genadi Arveladze presented the Parliament’s European Integration Committee report on the implementation of the 2022 National Action Plan and the 2023 Action Plan between Georgia and the EU.

As the Deputy Minister noted, Georgia’s application for EU membership is the most important step on our country’s European integration. This decision of the Georgian government accelerated the process of unification in the European family and added more importance to the process of the implementation of the Association Agreement and DCFTA obligations.

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According to him, the main effort of the Georgian government is directed to the maximum promotion of this process, which is reflected in the analytical report published by the European Commission on February 2, according to which Georgia is quite positive, including in the directions taken by DCFTA.

Genadi Arveladze presented the deputies with specific indicators and statistics related to different sectors. According to his information, last year Georgia’s trade turnover with the EU increased by 29%, 3 912 million. US dollar constituted 21% in total trade turnover of Georgia. Including imports from EU increased by 32% and 3 049 million. U.S. dollar is up to date. During the same period, exports from Georgia on the EU market increased by 20% and 863 million. U.S. dollar is up to date. It is noteworthy that by 2022 the number of exporting companies to the EU has increased by 71% compared to 2014 to 961.

It is also important, that from April 29, 2021 between Georgia, European Union and Turkey, it has been officially activated. S. “Diagonal cumulation”, by which Turkish raw materials made in Georgia can be exported to the EU market with free trade.

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