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Georgia Participates In Opening Ceremony Of China Third International Import Expo (CIIE)

Georgia participates in opening ceremony of China Third International Import Expo (CIIE)

Minister of Economy and Sustainable Development Natia Turnava, at the invitation of the People’s Republic of China, took part in the opening ceremony of the current China Third International Import Expo (CIIE) in Shanghai. It should be noted that Natia Turnava is currently in self-isolation due to infection and is remotely performing her official duties – November 6, 2020 Shanghai Import Expo is being held for
the third time this year. In 2018-2019, Georgia was represented by a special pavilion and a stand of several dozen Georgian companies. In 2020, the online event was also attended by Deputy Minister Genadi Arveladze. “Against the background of the current pandemic, caused by the global challenges posed by Kovid-19, holding an import export in Shanghai is of particular importance for the world economy, including Georgia. Last year, in 2019, 33 Georgian companies participated in the Shanghai Import Expo, which is unprecedentedly high compared to other similar international exhibitions, where Georgian companies participate with the support of the Georgian government. The participation of Georgian companies in the Chinese import expo has significantly contributed to the promotion of Georgian products, raising the awareness of our country and, most importantly, increasing exports to the Chinese market, “- said Natia Turnava, speaking about the importance of the Shanghai Expo. The official opening of the 3rd International Import Expo was attended by senior officials from more than 40 countries, both at the level of Heads of State, as well as Vice Prime Ministers and Ministers. In the opening part of the event, high-level participants were addressed by President Xi Jinping of the People’s Republic of China, who highlighted the importance of restoring the global economy and the steps planned by China in this regard.  The main theme of this year’s expo is the protection of the principles of mutually beneficial cooperation and greater openness of economies. It was unanimously stated at the event that the Expo is a key platform in terms of international procurement, investment promotion, cultural exchange and cooperation.  According to the data of recent years, the trade turnover between Georgia and China is characterized by increasing dynamics. In 2019, exports from Georgia to China increased by 12% compared to the same period last year and amounted to 223.13 million. USD. It should be noted that according to the current data of 2020 (9 months), exports amount to 355.34 million. USD (an increase of 184% over the same period last year) and China ranks first among Georgia’s largest export markets with a share of 14.8% in Georgia’s total exports. Source: Government of Georgia

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