China and Georgia inked free trade agreement on Saturday [13 May 2017] to expand bilateral trade. The two countries agreed to expand cooperation in goods trade, service trade, trade remedy and other fields, according to the agreement, which will take effect at the end of 2017 or early 2018…Full Article: May 2017

Key Point

  • Once the Free Trade Agreement 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.

ChinaAg Comments

  • In October 2016, China and Georgia signed a Memorandum of Understanding that brought negotiations on the China-Georgia FTA to an end.
  • As of late-2015, China has FTAs with more than 20 countries including Australia, South Korea, Chile, Peru, New Zealand, Iceland, Costa Rica, Singapore, Switzerland, and Pakistan.
  • 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.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!