Georgia Rapidly Expands Export to Countries with Free Trade Agreement
In 2019, the net export reached a historic high of $2.35 billion, which is 62.3% of the total export,- Deputy Minister of Economy Genadi Arveladze said at a meeting with media representatives on DCFTA matters.
He noted that the greatest share of net export is distributed to countries with a free trade agreement, which proves that decisions about the free trade agreements were right.
"Georgia exports 87% of net export to countries with whom it has free trade agreements: the choice to make said agreements was the right one," he said.
The Deputy Minister added that in 2019, the most significant shares of domestic export were distributed among the following countries:
- The Commonwealth of Independent States (CIS) – 36.4%
- The European Union – 31.3%
- China – 8.8%
- Turkey – 8%
Georgia's net export to China in 2014 was 1.2%, which increased to 8.8% in 2019.
Georgia's net export to the EU rose from 22% to 31% in 2019.
The above information was released by the Ministry of Economy and Sustainable Development of Georgia.
By Ana Dumbadze