Today we celebrate the signing of the two strategic treaties between Japan and Georgia

Published in Economics
Friday, 29 January 2021 12:46
Today we celebrate the signing of the two strategic treaties between Japan and Georgia, which will bring economic cooperation of the two countries to the next level: so-called “Investment Treaty” will significantly broaden the capabilities of economic partnership through liberalization of investment, while the so-called “Tax Treaty” will create beneficial environment for economic partnerships, through exemption from the double taxation for both countries. Those are the first such treaties since the independence of Georgia.
Ambassador IMAMURA: “Georgia's favorable business environment has been highly acclaimed internationally and Japanese companies are becoming more interested in Georgia. The conclusion of these two treaties will enable Japanese businesses to invest in Georgia with more stability and it is expected that economic cooperation between Japan and Georgia will become more active.”
The so-called “Investment Treaty” (Agreement between Japan and Georgia for the Liberalization, Promotion and Protection of Investment) was signed with the Minister of Economy and Sustainable Development of Georgia – Ms. Natia Turnava, while the so-called “Tax Treaty” (Convention between Japan and Georgia for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance) was signed with the Minister of Finance of Georgia – Ivane Matchavariani, on January 29/2021. Ambassador IMAMURA Akira was the signatory on behalf of the Government of Japan.
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