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China-Georgia FTA Takes Effect From January

The China-Georgia Free Trade Agreement will take effect on January 1, 2018, according to a post on the website of China’s Ministry of Commerce (MOFCOM).

Signed in May this year, the agreement has completed the examination procedures in both countries, enabling it to come into effect at the beginning of next year, the two sides announced when Qian Keming, vice minister of MOFCOM, attended the “Belt and Road” Forum held in Georgia’s capital Tbilisi on Tuesday.

Once the agreement takes effect, Georgia will eliminate tariffs on 96.5 percent of Chinese exports, while almost 91 percent of China’s imports from Georgia will become tariff-free immediately.