97.5% of Georgian products exported to the United Arab Emirates (UAE) will enter duty-free following the Comprehensive Economic Partnership Agreement (CEPA) signed between (UAE-Georgia).
According to the Economy Ministry’s press office, the agreement includes both trade in commodities and trade in services, as well as other trade-related fields.
The import duty on the following Georgian products will be removed: beef and lamb, honey, almonds, mineral water, fruit and vegetable preserves, non-alcoholic drinks, nitrogen fertilisers, textile products, etc.
Following the five-year transition phase, even more Georgian products will benefit from tariff-free status, the Ministry noted.
In the ceremony held in the United Arab Emirates, the Prime Ministers of Georgia and the UAE participated by means of virtual technologies.
The CEPA was signed by Georgian Vice Prime Minister/Minister of Economy and Sustainable Development, Levan Davitashvili, and UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi.
