Deputy economy minister promotes economic environment at Georgian-Japanese business forum
Arveladze said attracting more Japanese companies to the country was in “the great interest” of the Georgian government. Photo: ministry of economy
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Georgian deputy economy minister Genadi Arveladze promoted the country’s economic environment at the Georgian-Japanese business forum in Tbilisi, the ministry of economy announced on Tuesday.
In his address to forum participants, Arveladze emphasised the prospects of the Middle Corridor - a fast-developing land and sea freight route from Europe to China via Georgia - and the country’s role as a regional hub.
Arveladze said attracting more Japanese companies to the country was in “the great interest” of the Georgian government.
Since 1997 Japan has invested $254.5 million in Georgia, including a record high $42 million in the second quarter of 2022”, he noted, adding trade turnover with Japan had increased by 39 percent and reached $220 million between January and September.
Arveladze added once the agreement on liberalisation, promotion and protection of investments between Georgia and Japan entered into force it would facilitate better trade and economic relations between the countries.
We hope that the agreement will contribute to the movement of private capital, stimulation of entrepreneurial initiatives, effective development of economic resources and economic relations between Georgia and Japan", the minister said at the event.
The Georgian-Japanese business forum has brought together 30 Japanese companies in Tbilisi.
Georgian economy minister Levan Davitashvili on Friday said the freight turnover in the Middle Corridor - a fast-developing land and sea freight route from Europe to China via Georgia - had increased by 30 percent this year, while cargo flow from Kazakhstan to Georgia had increased six times year-on-year.
Georgian Prime Minister Irakli Garibashvili discussed the “high level” of partnership between Georgia and Japan and their successful cooperation in various fields with Akihiko Tanaka, the President of the Japan International Cooperation Agency, at a meeting as part of the World Economic Forum in Davos on Monday.
Bilateral trade relations between Georgia and Japan and the two countries’ cooperation in the fields of energy, telecommunications, transport and more were discussed by the Georgian Economy Minister Levan Davitashvili and Japanese Deputy Foreign Minister Honda Taro on Wednesday.
Japan welcomes Georgia's efforts and response to the Russia-Ukraine war, Imamura Akira, the Japanese Ambassador to Georgia, said on Wednesday at a Tbilisi ceremony dedicated to the occasion of the 30th anniversary of diplomatic relations between the two countries.
A delegation of the Georgian parliament, led by the speaker Shalva Papuashvili, on Monday started its working visit to Tokyo to meet Japanese counterparts and review cooperation between the institutions of the two countries.
Parliamentary cooperation and relations between Georgia and Japan were discussed on Monday in a meeting between the Georgian parliament speaker Shalva Papuashvili and Hosoda Hiroyuki, the speaker of the House of Representatives of Japan.
Georgian parliament speaker Shalva Papuashvili, who is on a working visit to Japan, on Monday said Tokyo was interested in ensuring “closer relations” with Georgia.