Trade turnover between Kazakhstan and Luxembourg reached $16 million in January-June, said Director General of BeNeLux Chamber of Commerce Anuar Kurzhikayev at an Oct. 2 business forum in Almaty, reported the forum’s press service. The forum gathered representatives of 14 large Luxembourg companies working in information technology, high-tech manufacturing and financial services. “These are mainly … Read more
Georgian Economy Minister Levan Davitashvili on Wednesday highlighted the dynamics of Georgia’s growing trade and economic relations with various countries and said products of Georgian origin could enter markets with 2.3 billion consumers under the free trade deals the Government had signed with different states. Currently, 87 percent of Georgia’s exports go to countries under … Read more
As Georgian Prime Minister Irakli Garibashvili said at the Official Reception marking the 74th Anniversary of the People’s Republic of China, Georgia has been historically positioned as a natural bridge between Europe and Asia and an integral part of the ancient Silk Road. He also mentioned that Georgia’s strategic location enables it to contribute to the revival of the Silk Road under the Belt and Road Initiative (BRI) through the Middle Corridor.
According to Irakli Garibashvili, Georgia can boast of its distinct history, unique traditions and progressive aspirations, but it also acknowledges a strong bond with China.
He said that he was pleased to highlight the countries’ well-established and fruitful cooperation, evident across various fields of mutual interest – from infrastructure and trade to education and tourism.
The Prime Minister said that the Free Trade Agreement (FTA) between Georgia and China, which came into force in January 2018, has played a pivotal role in fostering greater trade between our nations. China is consistently among Georgia’s top 3 trading partners.
According to the PM, Georgia-China cooperation at the governmental level is booming, with various ministries, agencies, and regions actively engaged in collaborative efforts. He said that this multifaceted cooperation undoubtedly demonstrates the countries’ dedication to achieving common goals.
He also stated that active cooperation with China in the fields of culture and education is welcomed. The growing enthusiasm among the Georgian people for the Chinese language and culture, establishing a basis for fostering meaningful people-to-people exchanges, is extremely delightful to observe.
A decree introducing visa-free travel for Chinese citizens has been recently issued with this understanding. Georgia’s unwavering commitment to strengthening the amicable bonds with China is reflected by this decision. Greater cultural exchange and tourism flows between the two countries is expected to be facilitated by this initiative.
In conclusion the Prime Minister of Georgia expressed his confident that the bilateral strategic partnership will continue to flourish, bringing prosperity and mutual benefits to the both nations.
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INSIGHTS German export sentiment has worsened, with ifo export expectations falling to minus 11.3 points in September 2023 from minus 6.5 in August 2023. Leather goods manufacturing expects a rise in exports with a score of 11.2 points, while the textile and apparel sectors are facing steep declines, falling to minus 20.5 and minus 26.8 … Read more
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Mark Rutte, Prime Minister of the Kingdom of the Netherlands, discussed the strength of bilateral relations and strategic cooperation between the two countries and opportunities to develop ties to serve mutual interests, in addition to various regional and international developments. This came during His Highness’ … Read more
Free trade negotiations between the UK and the six members of the Gulf Cooperation Council are “progressing well” and will enhance the flow of goods, the UAE’s ambassador to the United Kingdom said. “I am really encouraged by what could be achieved by deepening our trade links with the UK,” Mansoor Abulhoul told Bloomberg Television … Read more
Ukrainian President Volodymyr Zelensky and Canadian Prime Minister Justin Trudeau signed an updated Free Trade Agreement. The signing ceremony took place in Ottawa, an Ukrinform correspondent reports. The expanded agreement includes additional points regarding the liberalization of investments and trade, in particular the export of services. It also expands to cover the goods that have … Read more
Serbia has increased the export of flour to the European Union, whereby two new markets have opened for the local mills. – The new economic year began well for the mill industry, as 33,000 tons of exported flour was sold in July and August, which is 30% above the average foreign trade results in the … Read more
Kazakhstan’s trade turnover of non-oil goods increased by 21.7% to $46.7 billion in January-July, Vice Minister of Trade and Integration Kairat Torebayev said at a Sept. 25 briefing in the Central Communications Service, reported the ministry’s press office. Non-oil exports accounted for $14.2 billion, with copper and copper cathodes constituting 12.9% of the share, ferroalloys … Read more
“Importantly, Georgia historically has been positioned as a natural bridge between Europe and Asia and an integral part of the ancient Silk Road. Today, our strategic location enables us to contribute to the revival of the Silk Road under the Belt and Road Initiative (BRI) through the Middle Corridor,” said Georgian Prime Minister Irakli Garibashvili … Read more