Georgia Trade Agreements
The Parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 10, they reaffirm their commitment to multilateral environmental and labour agreements and principles and commit themselves to maintaining their level of protection. Arbitration procedures shall not apply to this Chapter. The agreement contains detailed provisions on trade facilitation (Annex III), including certain “WTO+” provisions, which open, inter alia, the possibility of new taxes and charges and limit the possibility of new taxes and charges. The provisions on the protection of intellectual property rights (Chapters 7 and XV) concern, inter alia, trademarks, copyrights, patents and geographical indications and contain provisions on the enforcement of intellectual property rights and cooperation between the parties. They are based on the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and provide for a high level of protection taking into account most-favoured-nation principles and national treatment. Georgia has also concluded a free trade agreement with the Republic of China (including Hong Kong). Free trade with two EFTA members, including Norway and Iceland, entered into force in September 2017, while free trade agreements with Switzerland and Liechtenstein entered into force in May 2018. Before Brexit came into force, we negotiated with the UK government, which signed and ratified [the free trade agreement]. Now we expect the same from Britain. We believe that it will ratify the agreement in about a month.
It is important for us to complete this process on time,” Arveladze said. For EFTA-Georgia trade statistics, see EFTA Trade Statistics Tool Deputy Minister of Economy Genadi Arveladze met with media representatives on DCFTA issues from 8 to 9 February, one of the main topics he discussed was the Georgian Free Trade Agreement. The Free Trade Agreement between Turkey and Georgia has eliminated tariff and non-tariff barriers to trade between the parties. The agreement also covers many areas such as sanitary and phytosanitary measures, intellectual property rights, domestic taxation, balance of payments, anti-dumping, safeguard measures, rules of origin and competition. The feasibility study for free trade with India has been completed and the first round of negotiations will take place very soon. The feasibility study of free trade with Israel is also in its final phase. Photo: Nino Alavidze/Agenda.ge. The agreement establishes a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA). This regime improves market access between the EU and Georgia, based on better coordinated rules.
The DCFTA has been applied provisionally since 1 September 2014. Rules of origin and methods of administrative cooperation between customs authorities (Annex II) are governed by the Regional Convention on Pan-European-Mediterranean Rules of Origin. This will allow the accumulation of materials originating in the EFTA States, Georgia and the other Member States of the Pan-Euro Med as soon as the corresponding agreements have been concluded between the parties concerned. At present, products manufactured in Georgia have access to one third of the global consumer market through free trade regimes, which total more than 2.3 billion consumers. Georgia has also concluded bilateral free trade agreements with Russia, Uzbekistan, Moldova, Kazakhstan, Ukraine, Turkmenistan, Azerbaijan and Armenia, Deputy Economy Minister Genadi Arveladze said during the meeting with media representatives on DCFTA affairs. Georgia has a free trade regime with the European Union (EU), the European Free Trade Association (EFTA), the countries of the Commonwealth of Independent States (CIS), Turkey, China and Hong Kong. Chapter 5 closely follows the approach of the WTO General Agreement on Trade in Services (GATS). It covers trade in all services sectors among the four types of supply. Separate Annexes on Financial Services (Annex X), Telecommunications Services (Annex XI), Maritime Transport Services (Annex XII) and Energy-Related Services (Annex XIII) complete the chapter with additional sectoral disciplines. . . .
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