Georgia and China have signed a protocol on amendments to their existing free trade agreement, first announced 10 months ago.
The document was signed by Georgia’s Minister of Economy and Sustainable Development and China’s Minister of Commerce.
The Ministry of Economy says the updated agreement aims to align the deal with the modern trade environment and create additional opportunities for investment and e-commerce.
The Georgian economy minister said the amendments are strategically important for deepening economic ties between the two countries. She noted that work is underway to allow Georgian animal products, including poultry and honey, to enter the Chinese market.
The minister added that the changes are expected to boost bilateral trade.
“We expect the amendments to contribute to the growth of trade turnover,” the Georgian economy minister said. “Economic relations between our countries have gained significant momentum in recent years, driven by high-level political engagement and increased cooperation between business sectors.
“Our goal is to fully utilize the opportunities created by the Free Trade Agreement to increase exports to China and support Georgia’s economic growth,” she added.
Georgia’s free trade agreement with China entered into force on January 1, 2018.
