Chinese companies together with the Partnership Fund and the Ministry of Agriculture of Georgia are to revive the tea industry in the country. The project includes the restoration of tea plantations, the creation of new tea processing points, the development of the tea industry and the creation of conditions for active development of eco-tourism in Georgia. Two Chinese companies – Beijing Jinfenghengye Agricultural Development Co Ltd and Xinjiang Hualing & Trade (Group) Co Ltd, together with the Georgian side, signed a Memorandum of Understanding on May 12…Full Article: Georgia Today May 2016

Key Point

  • 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.

ChinaAg Comments

  • In December 2015, China and Georgia began negotiations on a Free Trade Agreement after their respective finance agencies signed a Memorandum of Understanding agreement. As of 2015, China was Georgia’s second largest supplier of imports and third largest trading partner overall.
  • In May 2015, China and Georgia announced 30 greenhouses would be built in the town of Marneuli, Kvemo Kartli region, southern Georgia. In December 2015, the Marneuli-based project was being implemented.
  • 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.
  • Founded in 1988 and headquartered in Ürümqi Xinjiang Region, Xinjiang Hualing operates wholesale markets that distribute a variety of products including furniture, household appliances, clothing, jewelry, meat (e.g. beef, sheep), wine, vegetables, and other food products.

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