Country of Georgia's Economic Growth Driven by Free Trade Agreements
Country of Georgia's Path to Economic Growth
As the country of Georgia integrates more into the global economy, it is rearranging and liberalizing its priorities. According to Levan Davitashvili, the First Vice Prime Minister, diminishing trade obstructions attracts more investments from crucial sectors like ICT, finance, and tourism. Free trade agreements, including comprehensive service chapters, boost this process, enlarge market opportunities, and advance cooperation.
China International Fair for Trade in Services
At the China International Fair for Trade in Services, Davitashvili also emphasized the importance of the 2017 free trade agreement with China, citing its role in increasing trade and investment, especially in areas such as telecommunications, tourism, and financial services.
Significant Agreements
- European Union - Enhances trade relations.
- Turkey - Expands market access.
- Hong Kong - Strengthens service agreement.
- EFTA - Opens new opportunities.
These agreements have further amplified Georgia's access to various services, showcasing its commitment to fostering a competitive economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.