Georgia, Korea plan to start of negotiations on free trade agreement
BAKU, Azerbaijan, November 10
By Tamilla Mammadova – Trend:
It is planned to launch a feasibility study for the start of negotiations on a free trade agreement between Georgia and the Republic of Korea, Trend reports via the Ministry of Economy and Sustainable Development.
This decision was made during preliminary consultations chaired by Deputy Minister of Economy and Sustainable Development Gennadi Arveladze from the Georgian side and Deputy Minister of Trade, Industry and Energy Zhang Hui Kim from the Korean side.
During the consultations, the parties considered the trade policies of Georgia and Korea, shared their vision and goals, trade regimes, priorities, areas of interest and much more.
During the consultations, it was noted that Korea is an important trade partner of Georgia. At the same time, there is untapped trade potential, which, in the opinion of the parties, will be more used under the conditions of a free trade regime. Korea has 16 free trade agreements with 56 countries, including leading countries such as the United States, the European Union and China.
The parties agreed on the next steps, including the decision to conduct a feasibility study for the Free Trade Agreement between Korea and Georgia.
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