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"Georgia will have a new customs code enabling us to step up our country’s integration into global economy"

11.12.18 12:56

As Georgian Prime Minister Mamuka Bakhtadze stated during the briefing before today's Government meeting, Georgia will have adopt a new customs code next year, which will allow for the country's more effective integration into global economy.

According to the Head of Government, Georgia's current customs and tax codes have failed to fulfill relevant goals and tasks.

The new customs code was developed on a so-called open platform enabling all stakeholders to participate.
The process involved active engagement from entrepreneurs whom Mamuka Bakhtadze thanked for proposing important initiatives.

"Our vision is to turn Georgia into the entire region's economic hub. Accordingly, a customs code based on digital technology and maximally taking into account users' interests is a significant precondition for achieving this goal. The new customs code is in full compliance with EU standards, which will enable us to make better use free trade with the EU. New registration rules and declaration forms will be far more simplified, the interests of entrepreneurs will be taken into account to the maximal degree in customs-related decision-making, and new types of guarantees and many other innovations will be introduced to make a tremendous difference in the quality of our customs code," Mamuka Bakhtadze said.

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