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Georgia And South Korea To Launch Feasibility Study On The Start Of Negotiations On A Free Trade Agreement

Georgia and South Korea to launch feasibility study on the start of negotiations on a free trade agreement

It is planned to launch a feasibility study on the start of negotiations on a free trade agreement between Georgia and the Republic of Korea. The decision was made during preliminary consultations chaired by Genadi Arveladze, Deputy Minister of Economy and Sustainable Development, on the Georgian side, and Zhang Hui Kim, Deputy Minister of Trade, Industry and Energy, on the Korean side – November 9, 2020
During the consultations, the parties reviewed the trade policies of Georgia and Korea, shared their vision and goals, trade regimes, priorities, areas of interest and more. During the consultations, it was noted that Korea is an important trade partner of Georgia. At the same time, there is untapped trade potential, which, according to the parties, will be used more in the conditions of a free trade regime. Korea has 16 free trade agreements with 56 countries, including leading countries such as the United States, the European Union and China. The parties agreed on the next steps, which include a decision on conducting a feasibility study on the Free Trade Agreement between Korea and Georgia. Source: Government of Georgia

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