Exploring Georgia’s Role as a Transit Corridor in Trade with Central Asia

On 24 December 2024, the findings of PMCG’s “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor” policy paper were presented at an event hosted by the Kazakh-Georgian Economic Union. During proceedings, the founder of the Union, Giorgi Jakhutashvili, guided attendees through the comprehensive document, which offers informed insights into the prospects and … Read more

Official claims that Ukraine will export no more than 20% of its agricultural output to Europe after it joins EU

Ukrainian Agri Council head Andrei Dikun said in an interview with local media that 20% of the Ukrainian agricultural sector’s total output will be a maximum that it will export to the European market after Ukraine becomes a European Union member. The rest will go to traditional markets for Ukrainian agricultural products.
However, Dikun denied that the prospect of subsidies from the common EU budget is the main reason why Ukrainian agricultural enterprises want to gain access to the European market. He also mentioned Ukrainian farmers’ concern about the EU’s tough requirements for agricultural technologies. However, the excessively complex rules of the European Green Deal also concern European farmers.
Consequently, Dikun expressed his hope for the change of the Agricultural Policy by new European Parliament. He also mentioned that Ukrainian farmers needed a transitional period to study these rules well enough, to get used to them before following them.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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Georgian terminals and ports processed 15 562.3 thousand tons of cargo in 2024

Tin total, the ports and terminals of Georgia accepted 1 6831 ships in 2024. General cargo carriers made 38.5 percent of those ships, liquid bulk – 30.1 percent, container ships –22.5 percent, and dry bulk carriers, tugs and specialized ships – the rest of 8.9 percent. 34.0 percent more specialized carriers, 15.9 percent more – general cargo carriers, 6.7 percent more – liquid bulk, 14.1 percent less – container ships and 9.2 percent less – dry bulk were received by the ports and terminals of Georgia in 2024, compared to the previous year.
In 2024, 18.4 percent of the ships arriving at the ports and terminals of Georgia were Turkish, 16.1 percent –Panamanian, 8.7 percent –Liberian, 5.2 percent –Russian and the rest 42.0 of other countries.
Totally, 7.9 thousand passengers were served by Georgian seaports in 2024 (2.4 percent increase compared to the previous year). Notably, the share of passengers entered (51.0%) slightly exceeded the share of passengers departed.
In general, Georgia’s ports and terminals processed 5.8 percent more cargo than in 2024 (15 562.3 thousand tons), compared to the previous year. General cargo made 45.7 percent of freight carried, liquid bulk – 33.6 percent, and dry bulk – 20.7 percent.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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Ukraine to export no more than 20% of its agricultural output to Europe after it joins EU – official

The Ukrainian agricultural sector will export a maximum of 20% of its total output to the European market after Ukraine becomes a European Union member, with the rest going to traditional markets for Ukrainian agricultural products, Ukrainian Agri Council head Andrei Dikun said in an interview with local media. Dikun said he is certain that … Read more

Free Trade Agreement with Israel expected this autumn – Country also confirms participation in EXPO 2027

Israeli importers are increasingly interested in Serbian products, the signing of a free trade agreement between the two countries is expected in September, while additionally, Israel has confirmed its participation in Expo 2027 in Belgrade, as announced by the Chamber of Commerce of Serbia (CCIS). – Following the visit of Foreign Minister Marko Djuric to … Read more

Widening free trade agreement between Georgia and Turkey boost the bilateral trade

An agreement to widen an existing free trade agreement between Georgia and Turkey will soon enable Georgian producers to increase export volume to Turkey by 20 percent.
Delegations of both countries met each other to finalize talks about widening the free trade agreement at the final round of negotiations that was held in Turkish capital city of Ankara.
They abolished the quotas set on Georgian lemon, kiwifruit, grape, dry fruit, fruit and vegetable cans, juices and food ingredients, but increased the quotas on honey and livestock animals.
Georgia’s Economy Minister Dimitry Kumsishvili headed Georgian delegation, while Turkey’s Economy Minister Nihat Zeybekci led the Turkish delegation.
According to statistics, Turkey is Georgia’s top trade partner, as trade turnover between the two countries in 2017 attained $1.58 billion.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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The minister reports that Egypt-Serbia trade achieved $300m in 2024

Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk reported that bilateral trade between Egypt and Serbia has recently made a substantial leap from $94 million in 2022 to approximately $300 million in 2024.
According to the data, Serbian exports to Egypt totally equaled to around $41 million and Egyptian exports to Serbia achieved nearly $72 million. Approximately $180 million was contributed to the overall trade volume by the services sector, primarily tourism.
Ongoing cooperation between the two countries, including the launch of agricultural tractor manufacturing in Serbia by an Egyptian company in partnership with Serbian investors, was highlighted by Minister Farouk on Tuesday during Serbia’s National and Armed Forces Day celebration.
He spoke about Egypt’s potential as a gateway for Serbian products to African markets through the African Continental Free Trade Area (AfCFTA) Agreement. A converse hope for Serbia’s becoming a hub for distributing Egyptian agricultural products to Eastern European countries, leveraging the existing free trade agreement, was expressed by him.
An invitation to Serbian investors to explore opportunities in Egypt was also extended and by Minister Farouk. In his opinion, the country’s favorable investment climate and incentives designed to encourage foreign private sector participation make Serbia attractive for foreign investors.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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Egypt-Serbia trade jumps to $300m in 2024 – minister

Trade between Egypt and Serbia has seen substantial growth recently, jumping from $94 million in 2022 to approximately $300 million in 2024, according to Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk. Egyptian exports to Serbia reached about $72 million, while Serbian exports to Egypt totaled around $41 million. The services sector, primarily tourism, … Read more