Make it your homepage |   E-mail: Subscribe Unsubscribe

Can Georgia Develop a Knowledge-Based Economy?


Wednesday, April 23, 2014
News Making Money

Belgian and Dutch Companies Helping Georgia Become Export-Oriented Country

Written by Mariam Papidze, The FINANCIAL

20/01/2013 23:44 (457 Day 07:32 minutes ago)

wouter.jpg
ADVERTISEMENT

 

The FINANCIAL -- Chief negotiators from Georgia and EU plan to finalize negotiations on Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Georgia by the end of 2013.

 

This will definitely facilitate Georgia’s exports to EU Market. Georgian products, especially nuts, wine, meat and dairy products, should find their niche on the European market, so believe representatives of Georgian, Belgian and Dutch companies.

“Deep and Comprehensive Free Trade Area (DCFTA), that is under negotiation between Georgia and EU is not a traditional free trade agreement but goes beyond it,” said Ambassador Konstantin Zaldastanishvili, Secretary General, EU-Georgia Business Council (EUGBC). “It covers not only trade in goods and services but also covers a regulatory framework, which is very important. If Georgia will succeed in signing this agreement it means that we will have the same rules and standards as in Europe. It will then be easier for European companies to work within a framework that is familiar to them. That will facilitate trade, export from Georgia and attract investors,” he added.

“The Georgian market is small. Investors should know that if they produce here they should be able to sell these products outside of Georgia. And if they will be able to enter European markets from Georgia then this idea will be very attractive to them. Negotiating parties are hoping to finalize negotiations on DCFTA by the end of this year, which is good. But before finalising negotiations some requirements, such as food safety, sanitary and phitosanitaty issues, will need to be met. If we want to export meat and dairy products we of course need a good quality control system in place for these products,” Zaldastanishvili added.

At the same time, the Hague Chamber of Commerce is helping Georgia to export its produce abroad. There are companies from Belgium and the Netherlands that are already prepared to import all kinds of Georgian products, according to the Chamber.

“We have Dutch companies who want to import packaging materials from Georgia,” said Paulien Dirkzwager, Director of International Trade at the Hague Chamber of Commerce. “The company representatives have already visited the Georgian companies which manufacture these kinds of products. The foreign companies are finding out if there is enough trade. After trade we will focus on investments. The Georgian side does expect to have contracts in the near future with Belgian and Dutch companies. Some of them are looking to open representation in Georgia to do business here. The sector that the majority of Dutch companies come from is the livestock sector. We know that Georgia would like to export meat to the European Union. We have the right requirements for the Georgian side to be able to export its production to European countries. We held meetings with the Ministry of Agriculture and some of the farmers in Georgia to see how they can improve conditions so as to become an export-oriented country,” she added.

“One of the companies from the Belgian side which is interested in entering Georgia is a communications and software company,” said Wouter Van Gulck, General Manager at the Federation of Belgian Chambers. “They are thinking of setting up their office in Georgia. Another company is active in manufacturing equipment for power stations or waste water plants. Georgia looks promising for five Belgian companies, visited Georgia last December. The companies, after having discovered Central and Eastern Europe, are now shifting further east, to this region,” he said.

“The business environment is right here. The risks are only market maturity, that the market is not big enough to justify investments. Language is not always easy. Georgians have a very particular language. Only the young generation is generally fine with English. So it can be a little bit difficult to find the right people for communication,” Gulck added.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (6 Day 14:23 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

Read more...
TRAVEL BIZ
American Express Reports First Quarter EPS of $1.33, Up 16 Percent from a Year Ago

19/04/2014 14:24 (3 Day 16:52 minutes ago)

The FINANCIAL -- American Express Company reported first-quarter net income of $1.4 billion, up from $1.3 billion a year ago. Diluted earnings per share rose 16 percent to $1.33, from $1.15 a year ago, according to the American Express Company.

Read more...



World News
Helping Bulgarian farmers to become landowners

19/04/2014 11:39 (3 Day 19:37 minutes ago)

The FINANCIAL -- The EBRD is providing a €5 million to loan to Elana Agrocredit AD to co-finance the development of Bulgaria’s agricultural land market.

The World Bank Supports Small and Medium-sized Businesses in Tunisia

19/04/2014 10:29 (3 Day 20:47 minutes ago)

The FINANCIAL -- The World Bank approved an additional loan for US$100 million for Micro, Small and Medium Enterprises (MSMEs) in Tunisia.

EBRD loans to boost energy efficiency and support competitiveness of Macedonian companies

16/04/2014 16:42 (6 Day 14:34 minutes ago)

The FINANCIAL -- The EBRD has teamed up with Macedonian bank, NLB Tutunska banka, to increase the competitiveness of the Macedonian private sector and to promote energy efficiency in the country with a €6 million financing package, according to EBRD.      

EBRD helps modernise Baltic freight handling

16/04/2014 16:29 (6 Day 14:47 minutes ago)

The FINANCIAL -- A €32.5 million loan from the EBRD to Klaipedos Smelte, the company operating the container terminal at Klaipeda port in Lithuania, helped modernise its freight handling capacities and upgrade the whole Baltics region as a transit hub, according to EBRD.

CityLife
Africans among the most morally opposed to contraception

19/04/2014 08:33 (3 Day 22:43 minutes ago)

csi_2.jpg

The FINANCIAL -- Speaking to bishops from Tanzania last week, Pope Francis praised church workers in Africa “who strive diligently to educate people in the area of sexual responsibility and chastity” with the aim of preventing HIV and AIDS.

TRAVEL BIZ »
PRESS RELEASES »
FINANCIAL »
UKRAINE »
GEORGIA »
WORLD »
BANKS »
BUSINESS »
TECH »
MARKETS »
B SCHOOLS »
SPECIAL REPORTS »

Markets
Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (3 Day 17:36 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Jobs
Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (11 Day 19:16 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

Oil&Auto
Shell announces Malaysia deep-water gas discovery

19/04/2014 12:52 (3 Day 18:24 minutes ago)

The FINANCIAL -- Shell announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres, according to Shell.

Read more...
INSURANCE
M&A insurance grows as confidence increases

18/04/2014 16:18 (4 Day 14:58 minutes ago)

The FINANCIAL -- As the green shoots of economic recovery have started to show in key markets like the UK and US, demand for mergers and acquisitions (M&A) insurance has been rising, according to Lloyd's, the world's specialist insurance market.

Read more...






Developed by Aleksandre Chiabrishvili

Design built by Creo Group