Georgia, Hong Kong Hold 2nd Round of Negotiations on FreeTrade

The Georgian government held the second round of negotiations on free trade with the special administrative region of the People’s Republic of China, Hong Kong, on January 16-18 in Tbilisi, Georgia.

Genadi Arveladze, Deputy Minister of Economy and Sustainable Development, headed the Georgian delegation participating in the meetings.

“It is the declared policy of the Georgian government to open new markets for exporters,” Arveladze said. “It is of vital importance to finalize negotiations on regulations regarding free trade in the second round, though work is to continue further regarding a number of remaining issues.”

Product and service trade, custom procedures, institutional isssues and trade safety measures were discussed during the meetings, with parties agreeing on all major subjects.

The free trade agreement with Hong Kong will open an additional 7.3 million market for Georgia that will boost the investment potential of the country and have a positive impact on Georgia’s economic development.

The free trade negotiations between Hong Kong and Georgia were preceded by negotiations on free trade with China, which were successfully finalized in 2016.

Nino Gugunishvili