The free trade agreement with Turkey came into force in November 2008, with China in January 2018. Free trade with two EFTA members, including Norway and Iceland, came into force in September 2017, while free trade agreements with Switzerland and Liechtenstein came into force in May 2018. Currently, products manufactured in Georgia have access to one-third of the global consumer market through free trade regimes, which total more than 2.3 billion consumers. Deputy Economy Minister Genadi Arveladze met on 8 and 9 February with media representatives on the affairs of the DCFTA, where one of the main topics he discussed was the Georgian Free Trade Agreement. The Association Agreement („AA”) with the EU was signed and ratified in 2014, including the Comprehensive and Comprehensive Free Trade Agreement („ACFTA”). In addition, on 27 June 2016, Georgia signed a free trade agreement with EFTA countries, which allows Georgian products duty-free access to the markets of Iceland, Liechtenstein, Norway and Switzerland. Georgia`s liberal trade regimes provide investors with a good opportunity to access not only the country`s 3.7 million people, but also markets across the region, largely due to the absence of tariffs and import duties. To date, Georgia has signed free trade agreements with CIS countries, including Ukraine, Belarus, Moldova, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan, as well as its neighbours Turkey, Azerbaijan and Armenia. Georgia has a free trade system with the European Union (EU), the European Free Trade Association (EFTA), the Commonwealth of Independent States (CIS), Turkey, China and Hong Kong. The feasibility study on free trade with India is complete and the first round of negotiations will take place shortly. The feasibility study of free trade with Israel is also in its final phase. Photo: Nino Alavidze/Agenda.ge.
Georgia also has a free trade agreement with the Republic of China (including Hong Kong). Before Brexit came into force, we negotiated with the UK government, signed and ratified the free trade agreement. We now expect the same from Britain. We expect it to ratify the agreement in about a month. It is important that we complete this process in time,” said Arveladze. Georgia has also concluded bilateral free trade agreements with Russia, Uzbekistan, Moldova, Kazakhstan, Ukraine, Turkmenistan, Azerbaijan and Armenia, Deputy Economy Minister Genadi Arveladze said at the meeting with media representatives on DCFTA affairs.