The Committee considered the Regional Convention on Pan-Euro-Mediterranean Preventive Origin Rules, introduced by the Deputy-Finance Minister, Giorgi Tabuashvili. Enactment of DCFTA allowed Georgia accessing to the Regional Convention, envisaging definition of the country of origin of goods according to the diagonal cumulation. Georgia is allowed enjoying diagonal cumulation with Turkey. After simplified processing, Georgian exporters have the opportunity to enjoy the preferential usage of introduction of production to EU market.
In view of usage of diagonal cumulation with Turkey, Georgia needs free trade regime between Georgia, EU and Turkey with identical origin rules in each party. Enactment of diagonal cumulation between Georgia, EU and Turkey grants additional possibility to Georgia to increase local manufacture through Turkish raw material, to attract export-oriented foreign investments and improve export index with EU.
“Currently, 23 countries have accessed the Convention. Georgia will have the opportunity to produce with Turkish and Moldovan raw material and export to EU and enjoy same preferences as granted to Georgia by EU”, - G. Tabuashvili stated.
“It is the continuation of the processes we have recently launched. We have already reflected the respective changes to the Protocol II to the Free Trade Agreement with Turkey. Accession to Convention will allow us using diagonal cumulation with EU and Turkey and use Turkish raw material for local production to be exported to EU markets as originated in Georgia”, - the Chair, Tamar Khulordava stated. The Committee supported the draft.