The Parliament of Georgia ratified the Free Trade Agreement between Georgia and China

Published in Economics
Monday, 06 November 2017 15:59

The hereby Agreement will allow Georgian entrepreneurs introducing own goods and services to the largest world market without bureaucratic impediments.

Besides, the agreement will facilitate to increase of trade turnover between the signatory countries. The document provides active cooperation in various directions and defines free trade conditions.

The Agreement facilitates to economic development of the country and better employment. Besides, the document will encourage entry of potential foreign investors to Georgia.

The negotiations on the agreement started on November 10, 2015 in China within the World Economic Forum after the meeting of the Prime Ministers of Georgia and China. Georgia is the first country in the region with free trade agreement with China.

Read 925 times

Related items

  • GLOBALink | How did CPC bring about ecomomic miracle in China?

    "I do not think that there is any way that China could have achieved what it has achieved without the CPC."

    Experts have spoken highly of the role the CPC has played over the past century, in bringing about a great transformation of China, as well as achieving an economic miracle.

    Produced by Xinhua Global Service

  • The 410th room of the Parliament's B building was named after Maro Makashvili on the initiative of Nino Tsilosani

    The 410th room of the Parliament's B building was named after Maro Makashvili on the initiative of Nino Tsilosani, Chair of the Permanent Parliamentary Council for Gender Equality.
    "Briefing Room" is named after the national hero of Georgia from today.

    “Naming Maro Makashvili for one of the halls of the Parliament once again underscores the importance of women in Georgia's history and in gaining the country's independence. Many thanks to everyone who supported the issue, especially those from the opposition”, - Nino Tsilosani said.

    The First Vice-Speaker of the Parliament, Giorgi Volski, described the national hero Maro Makashvili as a worthy woman in our history at an important stage for the country.

    The Bureau supplemented the Plenary Agenda with sundry issues.

    The members of the Bureau approved the quotas set for the various councils and commissions in the conclusions of the Rules and Procedural Issues Committee.

  • GLOBALink | China-aided satellite TV project helps connect African villages to world

    Some students in Dakar, Senegal, now can watch satellite television via a projector, thanks to a China-funded project to provide satellite TV in 10,000 African villages. #GLOBALink


    Produced by Xinhua Global Service

  • GLOBALink | China's polar icebreaker Snow Dragon 2 sets sail for 38th Antarctica expedition

    Xuelong 2, China's first domestically-built polar icebreaker, set off Tuesday from Shanghai for the country's 38th Antarctic scientific expedition.

    The vessel, carrying a 101-member team, will work with another icebreaker Xuelong, which set sail on Nov. 5 with 154 members on board for the polar expedition, said the Polar Research Institute of China.

    Produced by Xinhua Global Service


  • GLOBALink | China, ASEAN join hand to build a shared future

    This year marks the 30th anniversary of the establishment of dialogue relations between China and ASEAN.

    Over the past 30 years, China-ASEAN relations enjoy sound and steady development, and pragmatic cooperation in various fields continues to advance.

    China and ASEAN countries have stood together and supported each other through hard times.

    Amid the prolonged COVID-19 outbreaks and the ensuing social and economic impacts, China has helped the ASEAN countries with their battle against the pandemic.

    So far, China has provided ASEAN member states with over 300 million doses of COVID-19 vaccines, a great number of emergency medical supplies and the support of medical teams.

    In addition to the provision of vaccines, China has acted as a springboard for countries to speed up trade, investment, transport and tourism.

    Meanwhile, trade between the two sides has been facilitated, with the launch of intelligent cross-border logistics platforms like this one in Pingxiang in China's Guangxi.

    The platform currently serves China and ASEAN countries such as Vietnam, Laos, Thailand, Cambodia and Malaysia.

    According to China's official data, trade between China and ASEAN skyrocketed by 85 times to 684.6 billion U.S. dollars in 2020 from less than 8 billion U.S. dollars in 1991, making the two sides each other's largest trading partners.

    China was also the first non-ASEAN member to complete ratification of the Regional Comprehensive Economic Partnership (RCEP) inked by 15 Asia-Pacific countries, including China and ASEAN's 10 member states in November last year.

    Covering a region with a combined GDP of 26.2 trillion U.S. dollars, or about 30 percent of global GDP, RCEP is the world's largest free trade deal.

    Produced by Xinhua Global Service

Business News

Consideration of 2016 budget next Week starts next Week

Consideration of 2016 budget next Week starts next Week

The Georgian Parliament will start consideration of the 2016 budget next week. The Committees schedu...

1 US Dollar equals 2.3906 GEL

1 US Dollar equals 2.3906 GEL

Georgian Lari slightly gained value against US Dollar. Georgian National Bank set the new exchange r...

Silk Road Tbilisi Forum 2015 has started

Silk Road Tbilisi Forum 2015 has started

Silk Road Tbilisi 2015 forum started today. Following the success of the inaugural Routes Silk Road...

Agreement between SES and GEE

Agreement between SES and GEE

A new multi-year agreement was signed between worldwide satellite operator SES and Global Eagle Ente...


« December 2021 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    


The News Agency,
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More



Lechkhumi street.43


Phone: (+995 32) 257 91 11




Social Media