As South Korea’s state-run trade promotion agency said, a new office has been opened on Sunday in Georgia to help Korean companies tap opportunities in the emerging Caucasus region.
It is the Korea Trade-Investment Promotion Agency’s first trade outpost in Georgia and its 130th overseas office. The office will be KOTRA’s strategic foothold in the Caucasus region (Georgia, Armenia and Azerbaijan) and a logistics and trade gateway between Europe and Asia.
Nearly 150 officials and business leaders from both countries, including KOTRA President Kang Kyung-sung, Georgian Deputy Minister of Economy and Sustainable Development Tamar Ioseliani, Georgian Deputy Foreign Minister Aleksandre Khvtisiashvili, Georgian Chamber of Commerce and Industry Vice Chair Magda Bolotashvili and South Korean Ambassador to Georgia Kim Hyon-du attended the launch ceremony on Friday.
As KOTRA said, the Tbilisi office will play a key role in exploring Global South markets and advancing Korea’s export diversification strategy.
Last year the countries signed an Economic Partnership Agreement that will eliminate more than 90 percent of tariffs within 10 years, including those on Korea’s top export item to Georgia (automobiles) and consumer goods such as food and beauty products.
Also, KOTRA and the Georgian Chamber of Commerce and Industry signed a memorandum of understanding to strengthen information sharing and partnership with local companies.
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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