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As Zhou Qian, the Chinese Ambassador to Georgia, noted on Saturday, the bilateral trade turnover with Georgia amounted to $2 billion and increased by 48 percent in 2023, compared to the previous year. The total number of investments from China to Georgia exceeded $800 million.
The Ambassador said in his exclusive interview with Imedi TV channel that China has been one of Georgia’s leading trade partners and the largest investor for many years. He also explained that Georgia’s favorable geographical location and free trade regimes with many countries makes it interesting for Chinese companies.
“Readiness” of the Chinese companies to engage in the process of developing Georgia as an energy, transport and digital hub was emphasized by Qian, as well as the establishment of a strategic partnership between the two states and the benefit of the implementation of the visa-free regime in this regard were also stressed by him.
According to the Ambassador, the Chinese Railway Department is ready to be “actively involved” in the investment, construction and operation of the Georgian railway, ports, as well as energy and other projects, which would be connected to the Middle Corridor, a multimodal transport corridor connecting China to Europe through the South Caucasus.
One Belt One Road initiative, the Chinese global infrastructure development strategy to invest in more than 150 countries, including Georgia, was also highlighted by Qian. He said that Georgia was “the first to respond to” this initiative and become a beneficiary of China’s “huge market”.
Middle Corridor plays a very important role for Georgia. Chinese companies are also interested in “all infrastructure projects”.
As Qian announced, the visa-free regime between the countries would “most likely” be officially signed in April and would be implemented in the coming months. He also noted that China and Georgia were “actively working” to add more direct flights.
People-to-people contacts will be undoubtedly facilitated, trade and investment cooperation between the two countries will also be activated and the number of Chinese tourists [in Georgia] will be increased due to this. The Chinese Ambassador expressed his hope for preservation of the spirit of the historical Silk Road and strengthening of cooperation of the two people in the future.
Qian announced Georgia’s participation in the international tourism exhibition – ITB China – that will take place in May in Shanghai and pointed out that Georgia and cooperation between tourist agencies of the two states would be further promoted in China.
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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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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