Georgian Economy Minister Levan Davitashvili on Monday met with Katherine Tai, the United States Trade Representative, as part of his visit to the US to discuss the prospect of establishing a free trade deal between the countries.
At the meeting, the US official noted the trade policy agenda of the US focused on exporting more products, creating more jobs and expanding economic growth opportunities. The Georgian side noted it would be important to improve bilateral trade through a free trade agreement in this context.
Photo: Ministry of Economy.
The officials discussed a feasibility study prepared by the PricewaterhouseCoopers (PwC) at the initiative of the Georgian Ministry of Economy and submitted to the US side for consideration. According to the study, a US-Georgia free trade agreement would be economically attractive and profitable for both countries.
In particular, after the signing of the agreement, exports from Georgia will increase by 19% annually over the next five years. Additionally, the free trade agreement is expected to bring in more than $180 million investments from the United States”, the Ministry said,
The Ministry also said the meeting saw the sides noting the importance of Georgia as a US partner in the region and the latter’s interest in continuing “economic and structural reforms” in Georgia.
Levan Davitashvili and Scott Nathan. Photo: Ministry of Economy.
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