The China-Georgia Free Trade Agreement will take effect on January 1, 2018, according to a post on the website of China’s Ministry of Commerce (MOFCOM) on Tuesday [28 November 2017]. Signed in May this year, the agreement has completed the examination procedures in both countries, enabling it to come into effect at the beginning of next year, the two sides announced when Qian Keming, vice minister of MOFCOM, attended the “Belt and Road” Forum held in Georgia’s capital Tbilisi on Tuesday…Full Article: ECNS.cn Nov 2017

Key Point

  • In January 2018, the China-Georgia Free Trade Agreement will eliminate tariffs on 96.5% of Chinese exports entering Georgia and nearly 91% of China’s imports from Georgia (i.e. goods entering China).

ChinaAg Comments

  • In May 2017, China and Georgia signed a Free Trade Agreement (FTA). Once the FTA takes effect, 90.9% of mainland China’s import tariffs on Georgian goods will be dropped to zero, while 93.9% will be tariff free after five years.
  • In October 2016, China and Georgia signed a Memorandum of Understanding that brought negotiations on the China-Georgia FTA to an end.
  • In May 2016, Beijing Jinfenghengye Agricultural Development and Xinjiang Hualing & Trade (Group) signed a MoU with Georgia. In general, Beijing Jinfenghengye Agricultural Development focuses on developing and selling agricultural goods, while Xinjiang Hualing does business in numerous sectors (including China’s agricultural sector) and operates wholesale trade centers.
  • In April 2016, Hangzhou Wanhu Tea Co. brought over tea growers and equipment to Georgia. As of mid-2017, the Chinese black tea company reportedly owned 200 hectares of tea plantations in Georgia.
  • In December 2015, China and Georgia launched FTA negotiations.
  • In May 2015, China and Georgia announced 30 greenhouses would be built in the town of Marneuli, Kvemo Kartli region, southern Georgia.
  • In November 2014, China and Georgia signed an agreement for the two-year project called “Vegetable Cultivation Technology in Georgia”.
  • In January 2014, China and Georgia signed a Technical Cooperation Project agreement.
  • In 2014, China donated 30 pieces of agricultural (irrigation) equipment to Georgia. China planned to donate another 26 pieces of equipment in 2015.

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