The study showed that a free trade agreement between Georgia and China has great potential. Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth of wine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increase by 1.7%.
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Press Release
Possible Consequences of Georgia-China Free Trade Agreement
Presentation of the studys preliminary results
Date: July, 24 Time: 10 am Location: Conference hall, The
National Parliamentary Library of Georgia Add: Gudiashvili str.
N7
The study showed that a free trade agreement between Georgia and
China has great potential. Georgias export to China would increase
by 9% approximately, in the short-term period including significant
growth of wine exports (28.5%) and non-alcoholic drinks (36.7%). On
the other hand, imports from China would increase by 1.7%.
The study has crucial importance, as further negotiations
between the two countries about the agreement will be based on its
results.
The comparative analysis of Georgias foreign trade and trade
with China shows that a free trade agreement may increase export of
goods and services in new directions as well.
It would also provide numerous opportunities to increase the
trade flow in services, in terms of transport and logistics, and
tourism.
Growth in Chinese investments, including in infrastructure
projects that will facilitate an increase in Asia-Europe trade flow
and in the medical and financial sectors, under the framework of
the new policy of the Chinese government would be expected.
In addition to increased investments, free trade agreement will
enhance investment attractiveness of Georgia in general.
Considering Georgias trade policy liberalization, it will not
affect local producers and the growth of import. Taking into
account all the effects, we can say that trade liberalization with
China will contribute to the development of Georgias economy,
explained Lasha Chochua, Economist at PMC RC.
The study was prepared by PMC Research Center with the experts
of Chinas University of International Business and Economics (UIBE)
and in collaboration with the Ministry of Economy and Sustainable
Development of Georgia and Ministry of Commerce of the Peoples
Republic of China.
Contact information:
Kate Lekishvili, PR Manager at PMC Research Center Tel: +995 599
975 975 E-mail: [email protected]
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