After enactment of free trade regime between, Georgia expects wines exports to China to significantly increase. Georgian wine sales will increase 5-6 times thanks to free trade regime, Minister of Economy of Georgia Dimitri Kumsishvili noted.
“In 2015 we sold more than 8 million USD wines. This year in January-August we sold 6.5 million USD wines in China. After the free trade regime with China comes into force, we expect the sales to increase 5-6 times, later the sales will increase 10 times and more”, the Minister of Economy told the Business Contact.
Customs tax will be removed upon the agreement signature and Georgia will not have to pass the transient period, Dimitri Qumsishvili noted.
“China has the market with 1.5 billion consumers and the country provides huge opportunities and we expect the private sector to make use of these opportunities”, the Minister said.
China-Georgia free trade agreement will be supposedly signed in 2017. As a result, more than 95% of Georgian products and services will be exported to the China market in the tax-free regime.