The FINANCIAL — Negotiations on signing a Free Trade Agreement between Georgia and China are launched – it was a statement of the Minister of Economy and Sustainable Development of Georgia, Dimitry Kumsishvili who is paying an official visit to the People’s Republic of China.
Dimitry Kumsishvili signed a Memorandum of Understanding with the Chinese party which will serve as a basis of conducting negotiations on the Free Trade Agreement, according to Ministry of Economy and Sustainable Development of Georgia.
“It is important to note that both parties are ready to complete the negotiations as soon as possible, so that the private sector should be given the opportunity to increase business and trade. For our country, this is an event of outmost importance. I would like to point out that today we have preferential trade regimes on 800 million people markets, while after signing the Agreement, we will have the access to China’s market with about 2,2billion consumers. It means that the amount of direct foreign investments will increase, new jobs will be created and the traditional branches will develop even more. We made emphasis on Georgian wine and agricultural products and we are convinced that upon the completion of the negotiations Georgian wine will gain preferential terms of entering China market,” – Dimitry Kumsishvili stated.
Within the official visit to China, Dmitry Kumsishvili shall also held meetings with China National Tourism Administration and the Silk Road Foundation. In addition, the Ministry of Economy and Sustainable Development of Georgia will meet with the representatives of Chinese business circles.
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