Home / Economy / Georgia to Export 94% of Goods to China Without Customs Duties
Georgia to Export 94% of Goods to China Without Customs Duties

Georgia to Export 94% of Goods to China Without Customs Duties

Under the free trade agreement with China, Georgia will be able to export 94% of products without customs duties, including wines, mineral waters, fruits, juices, cables, plastic products, nitric fertilizers and so on,  Minister of Economy Dimitri Kumsishvili noted.

After the agreement comes into force, ships under Georgian banner will be able to transport cargo consignments to Chinese seaports without additional taxes and tariffs, the Economy Minister said.

Moreover, Georgian companies will be able to open travel agencies in China.

At the joint briefing, the Commerce Minister of China pointed out that Georgia provides very good investment environment and the country is a very important trade and economic partner for China.

According to January-August indicators, China ranks third among Georgia’s exports markets and fourth among Georgia’s imports markets. In the reporting period, Georgia has exported 120 million USD goods to China.