On Wednesday, the EU Parliament and Council reached a provisional agreement on extending trade liberalization measures for Ukraine in the face of Russia’s war of aggression. This is stated by the European Parliament press service, Ukrinform reports. “The temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU will be renewed … Read more
GEOSTAT data reports that trade between Georgia and Armenia reached 100.623 million USD in January-February 2024 (103.2 million USD less than in the same period of the previous year).
Compared to the same period of 2023, exports from Georgia fell down from 133.082 million USD to 78.795 million USD in January-February 2024.
Imports decreased by almost 50 million USD compared to the same period of 2023 year and attained 21,828 million USD.
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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A provisional agreement on extending trade liberalization measures for Ukraine in the face of Russia’s war of aggression was reached by the EU Parliament and Council on Wednesday.
EP stated that they will renew the temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU for another year, until 5 June 2025, to support Ukraine amidst Russia’s continuing war of aggression.
At the same time, swift action can be taken and any measures can be imposed by the European Commission in case if Ukrainian imports make any significant disruption to the EU market or the markets of one or more EU countries.
The current regulation admits the application of an “emergency brake” “for particularly sensitive agricultural products, namely poultry, eggs, and sugar.” MEPs promised that oats, maize, groats, and honey won’t be included in this list.
Firm commitments from the European Commission to take action if there is a surge of Ukrainian imports of wheat were also attained.
They will re –impose tariffs if imports of these products exceed the average volume of the previous two years.
According to Sandra Kalniete (EPP, Latvia), EU’s continued commitment to stand by Ukraine in the face of Russia’s brutal war of aggression until Ukraine’s victory is reinforced by this agreement.
Meanwhile, EU farmers’ concern made the European Parliament expand protective measures to reduce the pressure on the agricultural sector in the event of a sudden surge in Ukrainian imports.
Autonomous trade measures allowing duty-free access for all Ukrainian goods introduced by the EU after Russia’s full-scale invasion of Ukraine were extended for 12 months in 2023.
Farmers are protesting against agro imports from Ukraine in several EU member states, including Poland.
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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A new international freight train route linking Shijiazhuang, capital of north China’s Hebei Province, with Belgrade, Serbia’s capital city, began operations on Thursday. The cargo train will travel approximately 10,200 km over roughly 20 days, starting at the Shijiazhuang International Land Port and passing through the Alashankou Port in northwest China’s Xinjiang Uygur Autonomous Region … Read more
According to GEOSTAT data, trade between Georgia and Armenia amounted to 100.623 million USD in January-February 2024, which is 103.2 million USD less than in the same period of the previous year. In January-February 2024, compared to the same period of 2023, exports from Georgia decreased from 133.082 million USD to 78.795 million USD. As … Read more
Canada has completed the ratification process of the updated agreement on free trade with Ukraine Governor-General of Canada, Mary Simon has signed the ratification bill, effectively putting it into force less than an hour after it passed the third reading in Canadian Parliament, according to an Ukrinform correspondent. In order for the entrepreneurs of both … Read more
The series of terrorist attacks occurring in Turkey in the recent past were strictly condemned by Georgia’s Prime Minister Giorgi Kvirikashvili at the meeting with his Turkish counterpart Binali Yildirim at Dolmabahce Palace in Istanbul today.
During his working visit to Turkey Kvirikashvili attended the opening of the Eurasia Tunnel, discussed bilateral issue and planned further deepening of economic relations between the two states with Binali Yildirim.
According to the Turkish official notes, the country had been Georgia’s number one trade partner since 2007.
According to Yildirim, Turkey supported Georgia’s European and Euro-Atlantic integration and its territorial integrity.
As Kvirikashvili stressed in his speech, Turkey’s role in ensuring regional stability was “huge” and that he attached great importance to Turkey’s demonstrated support for Georgia.
The meeting between Kvirikashvili and Turkish President Recep Tayyip Erdogan will also take place in Istanbul.
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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As the National Statistics office said on Monday, Turkey ($232.6 million), Russia ($190 million) and China ($96.4 million) were the top trading partners of Georgia in its total external trade turnover in January.
Kyrgyzstan ($46.2mln), Russia ($41.6mln) and Azerbaijan ($40.9mln) were Georgia’s top trading partners by exports, while Turkey ($203.1mln), Russia ($148.4mln) and China topped ($76.4mln) imports.
Motor vehicles ($112 million, 33.1 percent of total exports), ferro-alloys ($19.4 million, 5.7 percent) and wine ($18 million, 5.3 percent) were the top export items.
Motor vehicles ($101.4 million, 10.1 percent of the total imports), petroleum and petroleum oils ($80.4 million, 8 percent), petroleum gases and other gaseous hydrocarbons ($66.8 million, 6.7 percent) were included in the list of the three top import commodities.
Totally, Georgia’s external trade turnover showed a 14.8 percent year-on-year increase and reached $1.34 billion in January.
A decrease by 26.2 percent was shown by the value of exports ($338.6 million in total), and also by 10.1 percent by imports ($1 billion) in the reporting period.
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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Truck traffic is intensive at some of the border check points with Romania, Greece and Serbia, the Directorate General for Border Police have announced on their website. On the border with Romania traffic is heavy at the border check points at Vidin, Oryahovo, Nikopol and Kardam, at the exist for trucks. On the border with … Read more
The Georgian external trade turnover amounted to $1.34 billion in January, posting a 14.8 percent year-on-year increase. Photo: Geostat Turkey with $232.6 million, Russia with $190 million and China with $96.4 million were the top trading partners of Georgia in its total external trade turnover in January, the National Statistics office said on Monday. The … Read more