Georgia and Turkey intend to expand free trade agreement

BAKU, Azerbaijan, June 24

By Tamilla Mammadova – Trend:

Georgia and Turkey mentioned additional liberalization of tariffs for agricultural merchandise throughout the framework of the free commerce settlement between the 2 international locations and the potential for together with commerce in companies within the doc, Trend studies citing the press service of the Georgian Ministry of Economy.

According to the ministry, Ankara hosted the twelfth assembly of the joint committee throughout the framework of the Georgian-Turkish free commerce settlement, throughout which negotiations have been held on amending this doc.

The Georgian delegation on the talks was headed by Deputy Minister of Economy Genadi Arveladze, the Turkish delegation by Deputy Minister of Trade Mustafa Tuzcu.

Arveladze believes that the modification to the settlement and additional liberalization of agricultural tariffs will assist to extend Georgian exports to Turkey and improve the competitiveness of Georgian agricultural merchandise within the Turkish market.

According to him, the method of consultations with the Turkish facet on this concern is continuing efficiently.

The subsequent assembly of the joint committee will happen in Tbilisi on the finish of 2021. Until then, skilled consultations will proceed on-line.

A free commerce settlement between Georgia and Turkey was signed in 2007 and supplies for exemption from import tax for sure items.

Trade turnover between Turkey and Georgia from January by means of May 2021 elevated by 35 p.c in comparison with the identical interval final yr and amounted to $758.1 million.

Georgia exports to Turkey ferroalloys, knitwear, semi-finished merchandise from carbon metal, scrap of ferrous metals.

Turkey provides Georgia with automobiles, together with vehicles, pipes and hole sections fabricated from ferrous metals, medicines.

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