Georgia and Turkey boost trade by widening free trade agreement

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Trend | 22 February 2018

Georgia and Turkey boost trade by widening free trade agreement

Georgian producers will soon be able to increase export volume to Turkey by 20 percent as Georgia and Turkey have agreed to widen an existing free trade agreement, Agenda reports.

The final round of negotiations was held today in Turkish capital city of Ankara, where delegations of both countries met each other to finalise talks about widening the free trade agreement.

The quotas set on Georgian lemon, kiwifruit, grape, dry fruit, fruit and vegetable cans, juices and food ingredients, were abolished. Meanwhile, the quotas increased on honey and livestock animals.

Georgian delegation was headed by Georgia’s Economy Minister Dimitry Kumsishvili, while the Turkish delegation was led by Turkey’s Economy Minister Nihat Zeybekci.

Turkey is Georgia’s top trade partner, statistics show.

Trade turnover between Georgia and Turkey in 2017 reached $1.58 billion.

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