Recent developments in Egypt affect Georgian importers
Georgia, Tbilisi, Feb.9 / Trend N. Kirtskhalia /
The recent developments in Egypt are hindering Egyptian imports into Georgia.
The owners of affected companies told Trend this week that political changes always affect trade relations.
According to official statistics, Georgia imported products worth more than $5 million from Egypt last year. Most goods fell to rice, furniture, vegetables, and water heaters. With regard to exports, they exceeded $10 million last year. In general, ferroalloy and cattle were exported.
Furniture and accessories have not been exported from Egypt for a month. According to local companies in Georgia, a deficit has not yet been felt, but everything depends on how long the unrest in Egypt continues.
Rice importers substitute Egyptian imports with Russian and Turkish goods. According to Luxe 2004 CEO Guram Brodzeli, Egypt is the major consumer of rice, and regardless periodically bans exports.
In contrast to imports, the unrest in Egypt does not interfere with product exports from Georgia. As the Zestafoni Ferroalloy Plant said, exports continue without any obstacles.