Former Georgian Prime Minister Mamuka Bakhtadze and chairman of the board of American-Georgian Economic Cooperation Foundation (AGECF) names two main goals for the fund.
“The first goal is to advocate and promote the idea of establishing a DFC regional office in Georgia, which will cover the South Caucasus and Central Asia. The second goal is to advocate for a free trade agreement between Georgia and the United States. We deeply believe that both initiatives have the potential to completely transform not only Georgia but the entire region, and we have clear arguments for that," said Mamuka Bakhtadze.
Mamuka Bakhtadze notes, that American investments are declining not only in Ukraine and Georgia, as well as the South Caucasus and Central Asia.
"There are many reasons for this trend, but one of them is the lack of the financial and economic tools to compete with Asian and Russian companies.
Accordingly, I think that economic cooperation and partnership should be the key to this in order to create new opportunities. This was the main motivation for me and my American and Georgian friends to establish this organization, the America-Georgia Economic Cooperation Foundation," Bakhtadze added.
Former Georgian Prime Minister Mamuka Bakhtadze has set up the US-Georgia Economic Cooperation Fund (AGECF) to facilitate the opening up of the International Finance Corporation (DFC) regional office in Georgia and the signing of a Free Trade Agreement (FTA) with the United States. The first event of the foundation was held today in Tbilisi, which was attended by Mamuka Bakhtadze remotely from Washington.
