EFTA and Georgia hold a trade promotion seminar

Published 07-06-2018
The seminar was well attended, with over 160 participants.
EFTA and Georgia jointly held a trade promotion seminar on 7 June 2018 in Tbilisi, organised in cooperation with the Georgian Swiss Business Association (GSBA). The EFTA – Georgia Free Trade Agreement (FTA) entered into force for Georgia, Iceland and Norway on 1 September 2017 and for Switzerland and Liechtenstein on 1 May 2018. There is great interest in the new agreement and the seminar was well attended with over 160 participants from private companies and government authorities.

EFTA speakers and experts presented the technical and practical aspects of accessing the EFTA markets, with a focus on the opportunities created by the Free Trade Agreement (FTA) for Georgian producers and exporters. Topics covered were customs issues such as rules of origin, proofs of origin and the verification procedure as well as issues on sanitary and phytosanitary requirements and technical standards. Furthermore, experts explained to the Georgian participants how trade in agricultural products is addressed in the FTA. Presentations were also made on how to export to EFTA States and what producers should keep in mind when exploring export opportunities.

During the subsequent roundtable discussions, in which companies already involved in exportation to the EFTA States took active part, participants in the seminar had the possibility to exchange points of view and ask questions about exporting to EFTA States.

Merchandise trade between the EFTA States and Georgia has grown substantially over the last decade, from USD 36 million in 2008 to USD 133 million in 2017, thanks in large part to increased EFTA imports from the Georgian gold mining industry and increased exports of pharmaceuticals and seafood. In 2017, EFTA’s exports to Georgia amounted to USD 60 million and exports from Georgia to the EFTA States reached USD 73 million. EFTA’s key exports to Georgia were pharmaceuticals, fish and watches while EFTA’s imports were dominated by gold, followed by apparel and hazelnuts.

 

Read more on the EFTA-Georgia Free Trade Agreement and trade statistics between EFTA and Georgia

An opening statement was given by Georgia´s Deputy Minister for Economy and Sustainable Development, Mr. Genadi Arveladze.

Senior Officer
Trade Relations Division

+41 223322 641

Senior Officer
Trade Relations Division

+41 223322 634

Seminar on the European Economic Area - Brussels 13 September 2018