Hangzhou Wanhu Tea Co Ltd, which sells the famous Chinese black tea, has expanded its business quickly in Georgia. The erstwhile Soviet republic and now an independent country offers exceptional conditions for growing tea. Bordering West Asia and East Europe, Georgia has warm and humid climate, balanced ecology and ample annual precipitation…Full Article: China Daily Aug 2017

Key Point

  • Hangzhou Wanhu Tea reportedly owns 200 hectares of tea plantations in Georgia.
  • In April 2016, Hangzhou Wanhu Tea brought over tea growers and equipment to Georgia.

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 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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