Europe’s Frontier Economies was the topic of a discussion attended by the Georgian Prime Minister at the World Economic Forum in Davos.
Addressing the audience, Irakli Garibashvili described the Georgian Government’s vision of new trade and energy routes.
“The economic, political and cultural interdependence of Europe’s frontier economies is continuously increasing. The opportunities and challenges are becoming more and more intertwined. Strengthening of communication routs across this vast area is a key for sustainable development of the wider Eurasian region. The region needs fast, cost-effective and reliable channels for delivering goods from China to Europe,” Irakli Garibashvili stated in his speech.
In this regard, the Prime Minister of Georgia emphasized the relevant example of the Baku-Tbilisi-Kars railway project, which aims to establish a direct route between Georgia and Turkey, thus connecting Europe with Asian countries. Once operational, it will reduce the period for shipment from China to European markets by more than half and shorten the distance by almost 7500 km.
In his speech, the Prime Minister of Georgia also discussed the historic decision on the Stage 2 development of the Shah Deniz field triggered plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) across Turkey and to construct the Trans Adriatic Pipeline (TAP) across Greece, Albania and Italy.
In addition, the Prime Minister pointed out Georgia’s geopolitical and geo-economic location, as well as trade liberalization and issues related to integration in the world’s leading markets.
Besides the Prime Minister of Georgia, the discussion panel also included the Prime Minister of Latvia, the Foreign Affairs Minister of Ukraine, Deputy Secretary General of the Swiss Federal Assembly, Vice President of the European Commission, Cabinet members from different countries, and representatives of large companies.
Irakli Garibashvili invited the participants of the discussion to the Silk Road Forum. This annual high level meeting of all interested states and international organizations will be held in Tbilisi. At the 69th Session of the UN General Assembly last year, the Prime Minister of Georgia introduced the initiative of establishing the Tbilisi Silk Road Forum. This initiative aims to revitalize the historic Silk Road and enhance partnership in four spheres of cooperation: transport, energy, trade and people-to-people contacts.
Prime Minister’s Press Service