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Tag Archives: trade

Silk Road Forum Opens in Tbilisi

Government delegations from 32 countries gathered in Tbilisi to attend first Silk Road Forum in Georgia’s capital Tbilisi. The idea of reviving the Silk Road has come into being as a result of the ongoing globalization in the world. The implementation of the Silk Road is among the most large-scale …

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Total to Resume Cooperation with Iran’s Oil Industry

TOTAL OIL COMPANY

“National Iranian Oil Company welcomes the expansion of cooperation with Total,” Rokneddin Javadi was quoted as saying by Shana after a meeting with Arnaund Breuillac, the president of Exploration & Production at Total Company. “Total has already voiced preparedness to sign new contracts with Iran,” he added. Also, Arnaud Breuillac of …

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The Silk Road Forum Tbilisi 2015

Silk Road Forum 2015

Between October 15-16, Tbilisi will host the Silk Road Forum 2015. For many these words are associated with the caravans loaded with silk and spices from China traveling over the deserts, steppes, forests, and mountains all the way to Europe and the British Isles. Caravans are gone, but the Silk Road …

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Georgia’s Exports Reach $1,459m in Eight Months of 2015

In January-August of 2015 external merchandise trade (excluding non-organized trade) in Georgia amounted to USD 6395 million, 14 percent decreased year-on-year. The exports equaled USD 1459 million (24 percent lower), while the imports stood at USD 4937 million (10 percent lower). The negative trade balance was USD 3478 million in …

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Russia Decreased Tariffs for Goods Imported from Iran

russia iran trade

Russia has decreased tariffs for goods imported from Iran to boost mutual trade, Mehdi Sanaei, Iranian Ambassador to Russia said. Moscow has decreased the customs tariffs from 27 percent to 3-7 percent, Sanaei said, Iran ’s official IRNA news agency reported Sept. 17.The ambassador made the remarks in a meeting …

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Georgia Strengthens Economic Ties With China

The Prime Minister of Georgia and a delegation of Georgian officials are on their way to China for a five-day working visit. During the September 9-13 trip, Prime Minister Irakli Garibashvili and the Georgian delegation will meet Chinese leaders and representatives of large Chinese companies, and will sign important agreements …

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Armenia-Russia Trade Has Shrunk by 14,3% in Seven Months 

The volume of external trade between Armenia and Russia during the January-July period constituted $653,5 million, which is 14,3% less compared to the same period of last year, News Armenia reports. It is worth noting that the trade with Russia represents 24,6% of Armenia’s total external trade.  Export from Armenia …

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China Shares Fall More Than 8% On Growth Concerns

Shares in mainland China have recorded their biggest one-day fall for more than eight years following a sell-off towards the end of the trading day. The Shanghai Composite closed down 8.5% at 3,725.56 after more weak economic data raised concerns about the health of the world’s second largest economy. Profit …

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Possible Consequences of Georgia-China Free Trade Agreement

The study showed that a free trade agreement between Georgia and China has great potential. Georgia’s export to China would increase by 9% approximately, in the short-term period including significant growth ofwine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increaseby 1.7%.The study has …

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