10.Feb .2021 14:30

At what stage is FTA between the US and Georgia? - Ministry of Economy

At what stage is FTA between the US and Georgia? - Ministry of Economy
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Deputy Minister of Economy and Sustainable Development, Genadi Arveladze declares, that Georgia hopes that free trade agreement with the USA will have progress under the new US administration. According to him, negotiations are unofficially underway with the United States.

"As you know, we have never been in the process of a direct free trade agreement with the United States. We prepared a feasibility study for our own interest and shared it with the U.S. Department of Commerce. We also had communication about it in Congress. The document provides information that both parties can receive benefits during the exports, imports, investments and tourism. It also discusses what steps need to be taken in this regard. The feasibility study provides recommendations," he said.

According to the Deputy Minister, Georgia annually conducts expert research with the Trade Representation of the United States in various sectors, including SPS, TBT and investments.

"These issues are part of free trade. We are conducting informal consultations. Georgia has some political support and we hope to intensify this dialogue. We have a high-level of dialogue on trade and investment. We hope that under the new administration we will be able to show progress in this direction, "Genadi Arveladze explained.