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Georgia-Hong-Kong Free Trade Agreement Submitted to Parliament for Ratification

The Georgia-Hong-Kong free trade agreement signed in June 2018 has been submitted to Parliament of Georgia for ratification. This is the first agreement that Hong Kong has signed in our region, Prime Minister of Georgia Mamuka Bakhtadze said before today’s government meeting.

„Georgia’s better integration in global economy is a key priority of our economy. I would like to remind you that Georgia is on only country in the region that has free trade regimes with EU, China and the neighbouring countries, but our objective is to add new economic platforms to his success. Our agreement with Hong Kong calls for determining free cargo transportation conditions and promoting trade in services; the document also covers such issues as promotion of customs and trades, protection of intellectual property rights, eradication of technical barriers in trading sector, sanitation measures and all other important directions.

Hong Kong is one of the important economic centres of South-East Asia and this is unique opportunity for our entrepreneurs to get access to one of the highest solvent markets with about 8 million consumers, Mamuka Bakhtadze said.