Categories: Georgia

Free Trade Agreement between Georgia and EFTA countries entered into force

The FINANCIAL — The free trade agreement between Georgia and European Free Trade Association (EFTA) entered into force on 1st September 2017.

At this stage the agreement entered into force only among Georgia, Norway and Iceland. For Switzerland and Lichtenstein the agreement will enter into force in 3 month after the ratification of the agreement by both countries.  

Georgia-EFTA FTA has been signed on 27th of June 2016 in Bern, Switzerland during the EFTA Ministerial.  


It has to be noted that from the beginning parties agreed to conduct 4 rounds of negotiations, however negotiations have been finalized in 3 rounds due to the partie’s effective and productive cooperation.    

The agreement allows Georgian producers to export majority of their goods without tariff barriers to the additional 14-mln high purchasing power consumer market, according to Ministry of Economy and Sustainable Development of Georgia.

The agreement covers following issues: trade in goods, trade in services, sanitary and phytosanitary measures, technical barriers to trade, rules of origin, customs and trade facilitation, intellectual property rights, public procurement, competition, trade remedies and sustainable development.  



Recent Posts

Russian Patriarch Kirill Says Dying In Ukraine ‘Washes Away All Sins’

Patriarch Kirill, head of the Russian Orthodox Church, has told his followers that "sacrifice in…

5 hours ago

Charity Foundation AI IA celebrates the new academic year with special event

Our group's social direction charity foundation AI IA . The team congratulated the little beneficiaries…

11 hours ago

Construction costs increased by 7.2 percent in Georgia

In the second quarter of 2022 the Construction Cost Index (CCI) increased by 7.2 percent…

12 hours ago

Ukraine says 57 200 Russian invaders died since 24.02.2020

According to he Ministry of Defence of Ukraine, the total combat losses of the enemy…

12 hours ago

Russian: Negative Assessments Prevail in Relation to the USA, the EU, Estonia and Ukraine

Negative assessments continue to prevail in relation to the USA, the EU, Estonia and Ukraine.…

13 hours ago

The situation in the occupied Crimea is catastrophic

  Ukrainians! Today we have great news. Maryana Mamonova, a combat medic, defender of Azovstal…

13 hours ago