Georgia and the United Arab Emirates have held the second round of negotiations on a comprehensive economic cooperation agreement between the countries as part of a visit of Georgian officials, in Dubai.
The parties agreed to implement“relevant internal state procedures as soon as possible’ to start negotiations on the actual agreement, with the first round of talks planned for 2023.
Georgia and the United Arab Emirates have launched the first round of talks for establishing a free trade agreement between them as part of a visit of UAE officials in capital Tbilisi.
Bilateral negotiations on a comprehensive economic partnership agreement are to begin by the end of September 2022.
Georgia and Turkey agreed on discussing further liberalization of tariffs and trade in services.
Georgia hopes that the free trade agreement with the US will have progress under the new US administration, said Deputy Minister of Economy and Sustainable Development.
If Georgia is interested in faster and more comprehensive implementation of the Deep and Comprehensive Free Trade Agreement, we are also ready to do so, ’Oliver Warheim said.
Israeli Prime Minister Benjamin Netanyahu spoke with his Georgian counterpart, Giorgi Gakharia, with the two leaders discussing advancing a free-trade agreement.
Japan and Georgia are expected to conclude an investment agreement this year, paving the way for negotiations on a wider free trade agreement.
The government of China’s Hong Kong Special Administrative Region (SAR) expects more Belt and Road opportunities with the Georgia with help of the FTA.
The Georgian government hopes that the US will start intensive talks regarding the free trade initiative soon.
Georgia is ready to start negotiations with Japan on a free trade agreement. Foreign Ministers discussed the ongoing negotiations of bilateral investment agreement.
US Congressmen are urging US Trade Representative Robert Lighthizer to start negotiations with Georgia on a free trade regime.
The FTA is comprehensive in scope, encompassing trade in goods, trade in services, investment, dispute settlement mechanism and other related areas.
So far Georgia has free trade deals with China, Turkey, European Union (EU), European Free Trade Association (EFTA) countries and with the Commonwealth of Independent States.
The Georgian Economy Minister Dimitry Kumsishvili announced that technical consultations on the free trade agreement with Britain will start by the end of 2018.
Georgia’s Vice-Premier and Economy Minister Dimitry Kumsishvili and the Minister of Economy and Industry of Israel Eli Cohen signed the declaration on launching the feasibility study on free trade agreement negotiations between Georgia and Israel.
Georgia is seeking to establish a free trade agreement with the countries of the Gulf to access their markets and facilitate increased bilateral business and trade.
Georgia and EFTA states - Iceland, Liechtenstein, Norway and Switzerland – signed the free trade agreement in June 2016.