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India eyes to intensify negotiations on signing free trade agreement with Georgia

Business Materials 3 February 2021 14:45 (UTC +04:00)
India eyes to intensify negotiations on signing free trade agreement with Georgia

BAKU, Azerbaijan, Feb.3

By Tamilla Mammadova – Trend:

India is ready to intensify negotiations on signing a free trade agreement with Georgia, said Ambassador of India Dan Dewal, Trend reports via the government of Georgia.

Georgian Prime Minister Giorgi Gakharia and Dewal have discussed the establishment of an Indian Embassy in Georgia and the opportunities of concluding a free trade agreement between the two countries.

The government's message said the decision made by India regarding the establishment of an embassy in Georgia is gratifying, proving that relations between the two countries are developing over time.

At the meeting Gakharia and Dewal focused on further deepening trade and economic relations between Georgia and India, which will be significantly facilitated by concluding a free trade agreement.

Dewal said that India is ready to intensify negotiations on signing a free trade agreement.

Georgian Economy Minister Natia Turnava said that Georgia and India had prepared a feasibility study which said that a free trade deal will have a very positive effect for both countries.

"We have already exchanged the text of this agreement and we hope to move to direct negotiations in the near future," said Turnava.

The first round of free trade talks should have been held by now, but it was postponed because of the pandemic and is planned to be held in the nearest future, says the government of Georgia.

Georgia began free trade talks with India in 2017.

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