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Georgia and Turkey Sign Several Agreements

Dimitri Qumsishvili, Minister of Economy and Sustainable Development of Georgia, is paying official visit to Turkey jointly with the Prime Minister of Georgia and other members of the Government of Georgia.

As part of the visit, the governments of Georgia and Turkey have signed several important agreements as part of the strategic partnership policy, including the revised agreement on protection and promotion of investments, agreement on international combined cargo transportation and an agreement on transportation of railway cargo and passengers.

The Georgia-Turkey revised agreement on protection and promotion of investments is of crucial importance and it meets the current challenges and realities and enables Georgia to draw more investments from Turkey that is a Georgia’s strategic partner country. Over the past 14 years Georgia has received more than 0.5 billion USD from Turkey, Dimitri Qumsishvili noted.

As to the  combined transportation agreement, the document creates opportunities for multimodal transportation services through the territory of Georgia, Dimitri Qumsishvili said.

“In this case, we will have relation with one contractual party and cargo owners will easier carry out their business activities through land, sea and air transports, under single principle. As to the railway cargo and passenger transportation agreement, the document will regulate cargo , passenger transportation, and border crossing issues”, Dimitri Qumsishvili said.