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Georgia, UAE hold second round of comprehensive economic cooperation talks

10 December 2022 08:11 (UTC+04:00)
Georgia, UAE hold second round of comprehensive economic cooperation talks

By Trend

Georgia and the United Arab Emirates have held the second round of negotiations on a comprehensive economic cooperation agreement between the countries as part of a visit of Georgian officials, led by Deputy Economy Minister Genadi Arveladze, in Dubai, the Economy Ministry announced on Thursday, Trend reports citing Agenda.

The parties discussed trade liberalisation of goods and services between the countries and the directions of cooperation in customs, intellectual property rights, technical trade barriers and the promotion of small and medium enterprises.

Significant progress has been achieved between the parties on the text of the agreement, with the next round of negotiations scheduled for March 2023 in Georgia.

The Economy Ministers of Georgia and the UAE agreed to launch negotiations on the free trade agreement in December 2020, aimed at promoting economic, trade and investment relations. The first round of negotiations on establishing the free trade agreement between the countries was held in Georgia’s capital Tbilisi in September 2022.

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