Time in Tbilisi: May 24, 2024 13:21
Georgia and the United Arab Emirates have launched the first round of talks for establishing a free trade agreement between them as part of a visit of UAE officials in capital Tbilisi, the Georgian ministry of economy announced on Tuesday.
Deputy economy minister Genadi Arveladze, who heads the group of negotiators from the Georgian side, said once the deal was reached Georgian producers will gain access to a market of 10 million consumers with "high purchasing power".
The two countries originally signed an agreement on starting free trade negotiations during Dubai Expo 2020. An agreement on visa-free travel between Georgia and the UAE was reached in June this year.
Georgia and the United Arab Emirates on Tuesday signed a memorandum to establish a joint business council, with Georgian Economy Minister Levan Davitashvili and Ahmed bin Ali Al Sayegh, the UAE Minister of State, adding their signatures to the agreement.
Georgian Prime Minister Irakli Garibashvili and Ahmed Ali Al Sayegh, the State Minister of the United Arab Emirates for Economy and Trade, on Tuesday announced talks on a free trade agreement between the two countries following their meeting in Tbilisi.
Georgian and Emirati citizens are now able to travel between the two countries without requiring a visa, with the agreement between the two states coming into force starting this week, the Georgian Foreign Ministry said on Tuesday.
Georgia and the United Arab Emirates (UAE) signed an agreement on starting free trade negotiation during Dubai Expo 2020 earlier today, the Georgian Economy Ministry reports.
Georgian deputy economy minister Genadi Arveladze on Tuesday told the Eastern Partnership Forum in Prague, Czechia the “correct policy” of the Georgian government to diversify its export markets had reduced the country’s reliance on the Russian market.
Türkiye ($2 billion), Russia ($1.71 billion) and China ($1.40 billion) were the top trading partners of Georgia in its total external trade turnover in January-September 2022, preliminary data from the national statistics office of Georgia show.
Georgian economy minister Levan Davitashvili on Tuesday said his government could sign a comprehensive economic cooperation agreement with the United Arab Emirates early next year in a bid to strengthen bilateral trade.
Georgian external trade turnover amounted to $15.22 billion in January-October 2022, posting a 33.5 percent increase year-on-year, the national statistics office revealed on Monday.
Türkiye ($2.29 billion), Russia ($1.94 billion) and China ($1.52 billion) were the top trading partners of Georgia in its total external trade turnover in January-October 2022, preliminary data from the national statistics office of Georgia show.
Georgia and the United Arab Emirates have held the second round of negotiations on a comprehensive economic cooperation agreement between the countries as part of a visit of Georgian officials, led by Deputy Economy Minister Genadi Arveladze, in Dubai, the Economy Ministry announced on Thursday.
Georgian external trade turnover amounted to $17.02 billion in January-November 2022, posting a 32.2 percent increase year-on-year, the national statistics office revealed on Monday.
Relations between Georgia and the United Arab Emirates and prospects for cooperation between the two states were discussed on Tuesday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Ahmed Ebrahim Ahmed Taher Al Nuaimi, the newly appointed UAE Ambassador to the country.
Government delegations of Georgia and the United Arab Emirates on Wednesday met in the Georgian capital city of Tbilisi to launch the third and final round of their negotiations on a free trade agreement between the states, the Ministry of Economy of Georgia announced.
Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates, on Friday discussed trade and economic relations in a Tbilisi meeting, the Georgian Ministry announced.
The Georgian capital city of Tbilisi is hosting a business forum organised by officials and involving businesses of Georgia and the United Arab Emirates, with the event involving discussions of trade turnover and investment between the two countries.
Ongoing and planned infrastructure projects in Georgia were discussed on Friday between the Georgian Infrastructure Minister Irakli Karseladze and Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade of the United Arab Emirates, the Georgian Ministry announced.
Georgia and the United Arab Emirates concluded negotiations on the comprehensive economic cooperation between the countries, with Georgian Economy Minister Levan Davitashvili and Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, signing the joint statement on Friday.