As Georgian Deputy Economy Minister Irakli Nadareishvili said on Wednesday, “record-high” export growth was achieved in both 2023 and 2024, as the total volume attained $6 billion last year and $5 billion within the first nine months of 2024.
Nearly all parameters have achieved macroeconomic stability due to the consistent economic policies that the Government implemented, allowing businesses to plan and anticipate medium-term developments, including regulations, taxation, and other key areas.
Free trade agreements, providing access to aggregated markets totalling two and a half billion people, all with tariff-free trade, are one of preconditions of this success, as well as state programmes that regularly assess the needs of businesses.
The “record” volume of exports was also highlighted by Deputy Economy Minister Vakhtang Tsintsadze. According to him, domestic exports had increased by 4.1 percent between January and September and reached the volume of $4.8 billion in total, while exports had increased by 17 percent year-on-year in September alone, reaching $615.6 million.
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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