MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Minister of Economy and Sustainable Development Natia Turnava participated in the official opening of the Azerbaijan-Georgia-Turkey Business Forum in Baku.

“The Tripartite Business Forum is an event that vividly demonstrates that these three countries, together with the private sector, have been able to tackle the most difficult and complex challenge of the pandemic and focus on the further deepening and intensification of our business ties,” – Natia Turnumalava said.

Minister of Economy of Georgia expressed gratefulness to the Azerbaijani side for managing to organize and conduct such an event at such a high level despite the pandemic.

Natia Turnava informed the forum participants about the Georgian Governemnt’s anti- and post-pandemic decisions, including those within the business promotion policy. At the same time, the Minister stressed that Georgia, Azerbaijan and Turkey have historically united strategic, regional logistics, energy projects and corridors, where very important investments are made, and this is a precondition for security and economic cooperation between the countries.

“Representatives of already existing businesses from Georgia, where Azerbaijani or Turkish investments are already participating, as well as businesses that want to establish new relations, be it trade or investment ties attended the Forum. It is very important that the region is now experiencing economic recovery, overcoming pandemic crisis, especially Georgia, which offers businessmen its double-digit economic growth and a stable macroeconomic environment and is considered by both countries as an investment platform and we talked about it today. It is important that B2B meetings in bilateral and trilateral formats are very active now and I am sure that this will be the beginning of a launch of numerous new interesting projects,” – said the Minister of Economy and Sustainable Development noted when speaking about the importance of the Forum.

The tripartite Business Forum has been held since 2012 and it is being held for the sixth time this year. Over 100 business representatives from all three countries are participating in the forum, including more than 20 companies from Georgia.

Natia Turnava noted that the interest of the Forum participants towards Georgia is quite high and wide - from production and processing of agriculture and to the chemical industry, production of building materials, development, etc. The Minister said that in all these areas Georgia has investors from both neighbouring states and there is an opportunity to further expansion of their participation.