Levan Davitashvili and Mehmet Muş Signed Amendments to Free Trade Agreement between Georgia and Turkey
09-09-2022

Vice Prime Minister, Minister of Economy and Sustainable Development of Georgia, Levan Davitashvili and Minister of Trade of Turkey, Mehmet Muş signed the amendments to the Free Trade Agreement between Georgia and Turkey. The signing ceremony was held within the Forum dedicated to Diagonal Cumulation between Georgia, Turkey and the European Union. The amendments concern the tariff liberalization of agricultural products and the addition of the service sector to the Free Trade Agreement. In particular, Georgia will receive benefits within the quota for those types of products that were not subject to benefits when exporting products from Georgia to Turkey. After the implementation of the amendment signed today, when exporting from Georgia to Turkey, within the quota, such commodity positions as: live cattle, beef, green tea, dried fruits, kiwi, lemon, canned tomatoes and food ingredients will be allowed to enter under the zero tariff.  It should be noted that in accordance with the same decision, the quotas on the Turkish side have also been increased for the following products: honey, apples and wine.

Georgia-Turkey Free Trade Agreement entered into force on November 1, 2008, and due to the format of the signed Free Trade Agreements of that period, it covered only the trade of goods. Since 2016, Georgian and Turkish parts have been working on the amendments to the Free Trade Agreement to add service sector to the frames of Agreement.

New Agreements are another successful step toward deepening of the trade and economic relations between Georgia and Turkey. Georgia will also be able to develop the services sector bilaterally and benefit from the reduction of imbalances related to tariff liberalization in the Georgia-Turkey Free Trade Agreement.

 


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