Georgia’s Foreign Trade Down 6.5% in January-March 2024

On April 19, the National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January-March 2024, Georgia’s foreign trade decreased by 6.5% compared to the same period of 2023, totaling $4.699 billion in value. In January-March 2024, exports from Georgia decreased by 9.3% to $1.326 billion, while imports lowered by 5.3% to $3.373 … Read more

Special duty on rose imports is to be revised by Ukraine

According to the Uryadovy Kuryer newspaper, revision of special measures on exports and imports of fresh cut roses to Ukraine, regardless of the country of origin, has been initiated by Ukraine’s Interdepartmental Commission on International Trade on April 12, due to the expiration of their terms. The decision came into force on April 17.
Extension of the special duty on imports of roses to Ukraine, which was introduced three years ago, was proposed by Ascania-Flora LLC. In the first year, it reached 56%, 44.8% in the second and 35.84% in the third.
These special measures had a positive impact on the domestic producer’s activity, but they also caused a significant damage to it.
According to the Interdepartmental Commission on International Trade, the information contained in the Ascania-Flora’s request showed that the domestic producer was adapting to the competitive environment.
So, it introduced the special duty on imports of roses on April 16, 2021.
The Ukrainian State Statistics Committee reports that imports of fresh cut roses to Ukraine reached 470,080 pieces, or 20.6 tons, in January-February. 392,430 pieces made Ethiopia the main supplier. Kenya, Ecuador, the Netherlands, and Colombia were included in the list of other suppliers.
72,650 roses were exported by Ukraine to Lithuania and Moldova in January-February.
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 companies’ export opportunities have been explored by foreign buyers

The Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports, has implemented a program supporting establishment of export market connections, and about 20 Georgian enterprises have been visited by French, Dutch and British buyers.
Textile industry, packaging material and toy enterprises were shown to the visitors during three days.
According to Tornike Zirakishvili, the Deputy Director of Enterprise Georgia, it is important to show export opportunities of Georgian companies to prospective foreign partners to encourage more exports from Georgia.
Partners of the program, OCO Global consulting company and the United States Agency for International Development, help 50 local companies expand their connections and markets.
According to the Agency, various services help companies participating in the program “correctly position themselves” and increase sales in international markets.
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 revise special duty on rose imports

Ukraine’s Interdepartmental Commission on International Trade has initiated revising special measures on exports and imports of fresh cut roses to Ukraine, regardless of the country of origin, due to the expiration of their terms, Ukrainian media reported citing the commission’s decision. The decision was made on April 12 and took effect on April 17. It … Read more

Serbia’s IT exports up 22% in Jan-Feb

Serbia’s IT exports increased by 22% year-on-year in the first two months of 2024, the telecommunications ministry said. The country’s ICT exports amounted to 609 million euro ($649.4 million) in the first two months of the year, the ministry said in a LinkedIn post during the weekend. The ICT sector is one of Serbia’s fastest … Read more

Foreign buyers visit Georgian companies to explore export opportunities in Enterprise Georgia, USAID programme

Buyers from France, the Netherlands and the United Kingdom have visited about 20 Georgian enterprises as part of a programme that supports establishment of export market connections and is implemented by the Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports. Photo: Enterprise Georgia Buyers from France, the Netherlands and the United Kingdom have … Read more

Diplomatic ties between Ukraine and Ghana have been strengthened by opening of Ukraine’s embassy in Accra

Ukraine’s embassy in Accra has been officially inaugurated to strengthen diplomatic ties with Ghana. Ghanaian and Ukrainian citizens will get consular services there. Trade and bilateral partnerships will be facilitated, and business collaboration between the two nations will be enhanced. Ukraine’s commitment to partnering with Ghana to foster a conducive business environment, leveraging Ghana’s stable economic and political landscape to generate employment opportunities for citizens of both countries was emphasized by special Representative of Ukraine to the Middle East and Africa, Dr. Maksym Subh.
The bilateral relations between Ghana and Ukraine began in August 1992, shortly after Ukraine gained independence. Political cooperation has been their main focus for many years, and a foundation for mutual understanding and collaboration has been laid. Ghana’s exporting commodities (manganese, aluminium ore, cocoa powder) make economic and trade relations promising for Ukraine. Ukraine has exported hot-rolled iron bars, raw iron bars, and cold-rolled iron to Ghana. These dynamics have been disrupted by the ongoing conflict in Ukraine, and the progress towards strategic outcomes was hindered. According to Dr. Maksym Subh, the key to advancing cooperation and understanding between the two countries is formal and informal humanitarian contacts.
Ghana’s unwavering support for Ukraine’s territorial integrity amidst the Russia-Ukraine conflict has been expressed by Deputy Minister of Foreign Affairs and Regional Integration, Kwaku Ampratum-Sarpong.
According to the Deputy Minister, the visit of a Ukrainian trade delegation in April 2018 has rejuvenated trade relations between the two countries. Agriculture, transportation, industrial equipment, telecommunications and paving the way for enhanced economic collaboration were included in the list of the areas of discussion. As Kwaku Ampratum-Sarpong added, Ghana is still an attractive destination for business on the continent, especially for Foreign Direct Investment.
He indicated that the commencement of trading activities under the African Continental Free Trade Area (AfCFTA) made of Ghana the gateway to economic growth for the entire continent.
A significant milestone in international diplomacy was marked by the establishment of the Ukraine Embassy, as well as the commitment of both Ukraine and Ghana to fostering closer ties and collaboration was reinforced.
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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Ukraine focused on dialogue, not restrictions in trade with Poland – ministry

Ukraine will not introduce restrictions on import of agricultural products in light of tensions in relations with Poland, but will rather look for an opportunity to work without restrictions, Ukrainian media outlets quoted First Deputy Agrarian Policy and Food Minister Taras Vysotsky as saying on a nationwide telethon. “A discussion about trade with the European … Read more

Egypt, Serbia leaders vow to bolster ties, discuss Mideast, Ukraine crises

Egyptian President Abdel Fattah Al-Sisi and his Serbian counterpart Aleksandar Vucic on Wednesday reaffirmed their strong historical ties and commitment to further strengthening bilateral relations. The two leaders spoke by phone, discussing a range of issues including regional developments, particularly the ongoing situation in the Middle East. Al-Sisi emphasized the urgency of an immediate ceasefire … Read more

Georgian, South Korean officials discuss free trade deal in Seoul meeting

Georgian and South Korean officials on Tuesday held negotiations on a free trade agreement in Seoul with prospects of strengthening trade and economic ties between the two countries and increasing exports of Georgian products to the Korean market, the Georgian Ministry of Economy said. Genadi Arveladze, the Deputy Economy Minister, said the discussions would accelerate … Read more