Georgia names products most demanded in EU
BAKU, Azerbaijan, Feb. 28
By Tamilla Mammadova – Trend:
The European Union (EU) is the best example of how Georgian export products have successfully entered international markets, said Deputy Minister of Economy and Sustainable Development of Georgia Gennady Arveladze, Trend reports citing Georgian media.
He made the remark at the economic conference 'Georgia and the World 2020', organized by The Economist’s annual edition 'The World in 2020' and Georgian Ministry of Economy in Tbilisi.
According to him, after the Free Trade Agreement with the EU entered into force in 2014, the share of Georgian exported products to the EU increased from 22 in 2014 to 31 percent in 2019.
“The share of Georgian products exported to the EU makes 89 percent of Georgian export. This means that the recognition of our country and products is growing in the European market. The number of companies exporting to the EU has also significantly increased to 910,” said Arveladze.
The deputy minister also named several products that have recently been successfully exported to the European market.
“Every year new products are exported to the European market, including, for example, honey and fresh fruits as well as industrial products, including glass containers. These are the products that entered the European market after 2014,” Arveladze said.
According to Arveladze, Georgia is well fulfilling the obligations undertaken in the framework of the Association Agreement with the EU and the government is successfully implementing the relevant reforms.
The deputy minister of economics also added that through various programs, the government helps small and medium-sized businesses to adapt to these reforms.
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.
Follow the author on Twitter: @Mila61979356