The Revenue Service acknowledged imports of goods from European Union countries including the Czech Republic had increased, adding “most of the goods” included machinery, devices and primary consumer goods imported by companies and intended for local consumption, “not for re-export to other countries”. Photo: Revenue Service Georgia’s Revenue Service on Friday “categorically and with full … Read more
The export of non-oil products in Azerbaijan amounted to $2.688.09 billion in January-November of this year, which means 14 percent growth compared to the same period of last year, according to the Azerbaijan Export and İnvestment Promotion Agency (AZPROMO). In November of 2022, the country’s non-oil export amounted to $302.13 million (12.2 percent growth). Azerbaijan … Read more
Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million in the reporting period, Armenian Deputy Economy Minister Armen Arzumanyan told reporters on Tuesday, December 6, Arka reports. Arzumanyan noted that the countries have good business cooperation and for its further development … Read more
A working visit of Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev to Brussels, the capital of Belgium has taken place.
A meeting between Rashad Nabiyev and European Commissioner for Transport Adina Valean was organized during the visit.
Cooperation between Azerbaijan and the European Union in the field of transport, especially aviation, as well as the implementation of projects within the Trans-European Transport Networks (TEN-T) and adding the Zangazur corridor to these networks in the future were discussed at the meeting.
Issues related to holding the second meeting of the High Level Transport Dialogue in Baku were also mentioned.
A detailed information about the transport and digitalization projects implemented in Azerbaijan, including the importance of the Zangazur corridor and the work done in the liberated territories was given to European Commissioner for Transport Adina Valean.
A great potential for cooperation around the Middle Corridor, a multimodal transport route passing through the South Caucasus and Central Asia was also noted. Certain opportunities for integrating the region into European and global supply chains will be opened by it.
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The declaration on the completion of the study on a free trade agreement was signed by Georgian deputy economy minister Genadi Arveladze and Gi Wook Young, director general on free trade agreements of Korea’s ministry of trade, industry and energy, earlier today in Seoul.
According to the ministry of economy, a positive impact of the deal on the economic welfare of both countries has been confirmed by a joint feasibility study on a free trade agreement between Georgia and South Korea.
The signing of the declaration on the completion of the study on a free trade agreement by Georgian deputy economy minister Genadi Arveladze and Gi Wook Young, director general of Korea’s ministry of trade, industry and energy, led to the conclusion.
Implementation of “relevant internal state procedures as soon as possible” to start negotiations on the actual agreement, with the first round of talks planned for 2023 was accepted by the both parties.
According to Georgia’s economy ministry, the Korean market of 50 million consumers “with high purchasing power” would be opened to Georgian exporting companies by the agreement.
Strengthening trade and economic relations between Georgia and the Republic of Korea will be boosted by the free trade agreement between the two countries. According to the state body, the expansion of trade and investment will be facilitated by the agreement and a comprehensive institutional framework for a wide range of bilateral cooperation will be provided.
Negotiations on an agreement on promotion and protection of investment between the countries were also held by Arveladze.
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Some 63% of Ukrainian exports were directed to the EU countries from January to October this year, with most of them reaching the central and eastern regions. Ukraine’s Entrepreneurship and Export Promotion Office said this in a post on Facebook, Ukrinform reports. “In the first ten months of 2022, 63% of all Ukrainian exports were … Read more
Serbia’s government said it has extended the duration of an existing ceiling on bread prices and a ban on milk and gas exports. The government adopted the measures at a meeting on Thursday with the aim of preventing major disruptions and a decline in the living standard of the population, it said in a statement. … Read more
The meeting devoted to the further development of the Trans-Caspian International Transport Route brings together foreign ministers and ministers responsible for transport issues of Kazakhstan, Azerbaijan, Georgia and Turkiye, the Kazakh Industry and Infrastructure Development Ministry’s press service reports. Addressing those gathered Kazakh Industry and Infrastructure Development Minister Kairbek Uskenbayev drew attention to the multiple … Read more
Georgian deputy economy minister Genadi Arveladze and Gi Wook Young, director general on free trade agreements of Korea’s ministry of trade, industry and energy, signed the declaration on the completion of the study earlier today in Seoul. Photo: ministry of economy A joint feasibility study on a free trade agreement between Georgia and South Korea … Read more
Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev is on a working visit to Brussels, the capital of Belgium. As part of the visit, Rashad Nabiyev met with European Commissioner for Transport Adina Valean. During the meeting, they discussed cooperation between Azerbaijan and the European Union in the field of transport, especially aviation, as … Read more