BAKU, Azerbaijan, Oct. 13
By Maryana Akhmedova – Trend:
Georgia signed a protocol on cooperation with Austria on the prospects for further deepening of cooperation between the two countries in areas such as trade and investment, digitalization, communications and innovation, transport, energy, tourism, agriculture and environment, at the Sixth session of the Georgia-Austria Joint Intergovernmental Commission on Economic Cooperation in Vienna, Austria, Trend reports via Georgian media.
The sides noted that, despite the COVID-19 pandemic, Georgian exports to Austria increased by 5 percent over the first 8 months of 2021.
There is a possibility provided by the Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU to place more products produced in Georgia on the Austrian market and the EU in general.
The potential for more Georgian exporters to benefit from DCFTA is very high, the commission noted.
The parties also discussed the issue of deepening cooperation in other economic sectors.
Austria presented proposals from various companies in certain Georgian economic sectors, such as energy, education, agriculture and transport.
The Georgian side raised the issue of increasing the quota for land transport permits. The volume of land transportation from Georgia to Austria in 2021 will increase by 10.5 percent. The session also focused on the use of the corridor from Austria to Georgia for the transit of rail cargo and the creation of a joint group for this purpose.
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