Georgia: The 9th session of the Joint Commission of Trade-Economic Cooperation of Georgia-China was held in Tbilisi. The most important issues of trade-economic relations between the two countries were discussed during the meeting.
The co-chairs of the First Deputy Prime Minister of Georgia, Minister of Economy and Sustainable Development Levan Davitashvili, and Deputy Minister of Commerce of the People’s Republic of China participated in the meeting.
According to the agenda of the Commission’s meeting, the parties discussed the prospects for deepening free trade and investment relations between Georgia and China, as well as the prospects of deepening cooperation in transport, logistics, energy, information technology and innovation, tourism, agriculture, and other sectors.
The committee members also discussed issues related to direct flights between the two countries, one of the topics of discussion was the importance of the middle corridor and the role of Georgia in the development of this corridor.
“The free trade agreement between Georgia and China has significantly strengthened bilateral trade and economic cooperation.” Georgia became the first country in the region to establish a free trade regime with China and underlined Georgia’s strategic importance as a trading partner and transit hub,” the First Deputy Prime Minister said in his speech.
The Minister of Economy and Sustainable Development briefed members of the Chinese delegation on the main economic indicators and investment environment of Georgia, as well as the progress of large transport and infrastructure projects.
He stressed that the existence of a visa-free regime contributes to the further development of the partnership between Georgia and China, strengthening business ties and economic cooperation.
According to Levan Davitashvili, the trade turnover among the countries increased by 17% compared to the previous year and reached 1.92 billion US dollars. According to trade turnover, China ranked 4th among Georgia’s largest trading partners.
After the end of the session, Levan Davitashvili and Lin Dzi signed the 9th meeting of the Joint Commission of Trade-Economic Cooperation between Georgia and China, and the permission for the placement of Georgian honey on the Chinese market was also signed.
In addition, the negotiations on the placement of bird meat on the Chinese market will be completed in the coming months. This will be an additional opportunity for Georgia to bring products that are in high demand to the Chinese market for the first time.
Levan Davitashvili invited the head of the Chinese delegation to the 5th forum of “Tbilisi Silk Road”, which will be held on October 22-23 this year.
