Negotiations were held between the Government of Georgia and the Government of the People’s Republic of China to amend the Free Trade Agreement signed on May 13, 2017.
According to the Ministry of Economy, the talks were led by Genadi Arveladze, Deputy Minister of Economy and Sustainable Development of Georgia, while the Chinese delegation was headed by Han Changtian, Deputy Director General of the Department of WTO Affairs at China’s Ministry of Commerce.
“The agreement has been modernised in areas such as electronic commerce, technical barriers to trade, sanitary and phytosanitary measures, and investment promotion. During the negotiations, the parties reached consensus on the main provisions of the amendments to be incorporated into the agreement,” the Ministry of Economy stated.
They also discussed issues related to allowing honey and poultry meat produced in Georgia to enter the Chinese market, with the Georgian side expecting positive news in the near future.
“The free trade agreement with China has elevated trade and economic relations between our two countries to a new level. Not only has trade volume increased, but investments have also been stimulated, and positive trends are emerging in tourism, civil aviation, and other sectors.
China is an important economic partner for Georgia, and the free trade agreement provides Georgian manufacturers with an opportunity to sell their products on the Chinese market under preferential terms,” the Deputy Minister noted.
According to the Ministry of Economy, the parties agreed that the protocol of amendments will be signed in the first quarter of next year.
