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Georgia-China

Second Phase of Georgia-China Free Trade Agreement Negotiations to End in May

A Chinese delegation of government officials will visit Georgia in early June as part of the Georgia-China free trade agreement negotiations Liu Bo, the Chinese Embassy economic advisor told the BusinessContact. The countries will sign the free trade agreement in about a year, Liu Bo said.

“The first stage of negotiations around the free trade agreement has been finished, while the second stage will end in May. This is a very important event for Georgia, because Georgian agriculture products, including Georgian wines will enter the Chinese market without taxation regime”, Liu Bo said.

In early June one of the members of the standing committee of the government of China and Vice-President will arrive in Georgia, as well as Chinese businessmen that will hold face to face meetings with Georgian enterprisers and talk about the potential of free trade relations, he said.

“In Europe Iceland is the first partner country for China and Georgia may become China’s second partner in the Eurasian Region.

We hope the agreement will be signed in a year, but this depends on bilateral negotiations”, the Chinese Embassy economic advisor noted.