Export of Georgian products to EU countries increases
BAKU, Azerbaijan, Jan.25
By Tamilla Mammadova – Trend:
Export of Georgian products to the EU countries increased by 13 percent in 2019, compared to 2018, Trend reports referring to the Ministry of Economy and Sustainable Development of Georgia.
These data were revealed at the annual meeting of the members of the EU - Georgia Business Council (EUGBC).
Deputy Minister of Economy and Sustainable Development of Georgia Irakli Nadareishvili attended this meeting.
“One of the important factors for the implementation of the free trade agreement with the European Union is the existence of such platforms as the EUGBC, which for several years has been very successful in bringing together and integrating Georgian and European businesses,” said Nadareishvili.
According to him, over 800 Georgian companies export their products to the EU, which is a significant achievement.
“According to the latest data, the export of Georgian products to the EU countries increased by 13 percent. And since 2014, after drawing up a Free Trade Agreement, the total number of Georgian companies exporting their products to the EU has increased by 44 percent, ”said the Deputy Minister of Economy.
The relations between the European Union and Georgia are based on the EU Georgia Association Agreement, including a Deep and Comprehensive Free Trade Area (DCFTA), which entered into force in July 2016.
The EU is Georgia’s largest trading partner and provides this country with technical and financial assistance in the amount of more than 100 million euros annually.
Georgia is an important partner for the European Union, both within the framework of the European Neighborhood Policy and within the framework of the Eastern Partnership.
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