Georgia and China Agree on Amendments to Free Trade Agreement

Deputy Minister of Economy and Sustainable Development of Georgia Genadi Arveladze led negotiations with the Chinese delegation for amendments to the Agreement of Free Trade between the two governments on May 13, 2017. The agreement was revised to modernize e-trade, technical barriers, sanitary and phytosanitary measures, and investments. The Georgian side sought access to the Chinese market for honey and poultry, with hopes for a positive outcome in the near future.

Key Takeaways:

• The Agreement of Free Trade between Georgia and China was amended on May 13, 2017, with negotiations led by Genadi Arveladze and the Chinese delegation's Deputy Head of the Department of Relations with the World Trade Organization of China.
• The revised agreement modernized e-trade, technical barriers, sanitary and phytosanitary measures, and investments.
• The Georgian government sought to gain access to the Chinese market for honey and poultry produced in Georgia.
• The Free Trade Agreement contributed to increased trade, economic relations, tourism, and civil aviation between the two countries.
• Deputy Minister Genadi Arveladze noted that the agreement allows Georgian producers to sell products in the Chinese market in advance.

Statistics:

• 1. Trade turnover between Georgia and China increased significantly as a result of the Free Trade Agreement.
• 2. The agreement contributed to positive trends in tourism and civil aviation between the two countries.
• 3. The revised agreement modernized e-trade, technical barriers, sanitary and phytosanitary measures, and investments, providing better opportunities for Georgian producers.

Sources:

• "Negotiations were held for amendments to the Agreement of Free Trade between the Government of Georgia and the Government of the Peoples Republic of China on May 13, 2017." - [1]
• The Free Trade Agreement has contributed to increased cooperation in various fields, including trade, tourism, and civil aviation. - [1]