China, Georgia Launch FTA Negotiations
by Mary Swire, Tax-News.com, Hong Kong
18 December 2015
China's Ministry of Commerce has disclosed that China and Georgia officially launched negotiations for a bilateral free trade agreement (FTA) on December 10.
In March 2015, the two countries announced the start of a feasibility study on the prospective FTA. That research has shown that a China-Georgia FTA would strengthen their bilateral relationship by deepening trade and economic cooperation and by boosting the economic development of both countries.
China is Georgia's third-largest trade partner and the second-largest source of imports. China was also Georgia's third-largest source of foreign direct investment in 2014.
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