Georgia hopes to gain greater access to EU market for its products

Photo: Georgia hopes to gain greater access to EU market for its products
 / Georgia

Tbilisi, Georgia, Jan. 23

By Nana Kirtzkhalia - Trend:

Georgia hopes to gain greater access to the EU market for its products and services, Georgian Prime Minister, Irakli Garibashvili said during his speech in Davos.

Georgian PM said that in the new millennium political events in the country are distinguished by a dynamic character after many years of stagnation and the economy is becoming more stable.

"In recent years the Georgian economy has been greatly influenced by several events of regional importance. There have been both positive and negative developments," Garibashvili said. "The EU neighbourhood policy which includes the realisation of the Eastern Partnership initiative, offers the regional countries a much needed boost in terms of political and economic development. Here we are talking about an association agreement with the EU given the agreement on a comprehensive and free trade."

Garibashvili went on to add that conducting targeted reforms relating to trade as provided for in the framework of the free trade agreement, Georgia hopes to gain much better access to the EU market for its products and services.

"Aside from that, it is expected that the agreement will contribute to the flow of direct investment to Georgia," Garibashvili said.

The prime minister expressed the hope that the ongoing discussion in Davos about global economic challenges will continue in the future.

Translated by E.A.

Edited by S.M.

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