Ministry of Economy Creates New Agency to Develop Export Potential

A new Agency, the ‘Trade Development Agency,’ has been created in the Ministry of Economy and Sustainable Development with the support of the European Union and European countries on an Order issued by the Minister of Economy, Dimitri Kumsishvili, based on a governmental decision.

To develop Georgia’s export potential, the new agency’s main activities will consist of studying the markets of European countries, making trade turnover analysis, and preparing respective recommendations.

At the same time the Agency will provide consultations to business operators which are in a trade relationship with the EU, identify their needs and problems, and respond to them. It will also provide interested entrepreneurs with information on trade benefits. In addition, it will help them to make contacts with marketing companies and business operators of the European countries.

It will further gather information on Georgian exporters in Europe, register them and carry out categorization of their activities, according to extent and other characteristics.

The Trade Development Agency plans to organize a number of bilateral inter-governmental economic meetings with the European Union and other European countries, to prepare phrasebooks for delegation visits and to cooperate with the diplomatic corps.

Ana Akhalaia