Economy Minister: New memorandums to further strengthen economic cooperation with China
During the visit of the Georgian government delegation to the People’s Republic of China, several memorandums of understanding were signed following an extended meeting between Prime Minister Irakli Kobakhidze and Premier Li Qiang. The agreements aim to further strengthen trade, economic, and people-to-people relations between the two countries, the Ministry of Economy and Sustainable Development reported.
“An important meeting took place between the Prime Ministers of Georgia and China. Both leaders discussed new goals to enhance trade, economic, and human connections between the two nations. Several significant memorandums were signed, which will further deepen our economic cooperation,” said Mariam Kvrivishvili, Minister of Economy and Sustainable Development of Georgia.
Among the signed documents, Kvrivishvili and Wang Wentao, China’s Minister of Commerce, concluded a memorandum on the completion of negotiations to renew the Free Trade Agreement between the two countries.
“The updated document places special emphasis on the export of Georgian agricultural products to China and introduces new mechanisms to encourage Chinese investments in Georgia,” Kvrivishvili noted.
Another memorandum was signed between Georgia’s Ministry of Economy and Sustainable Development and the Civil Aviation Administration of China to develop the ‘Air Silk Road’ initiative jointly. The agreement was signed by Mariam Kvrivishvili and Han Jun, Deputy Director of the CAAC.
“The aviation agreement will be a significant step forward and will help boost direct flights between the two countries,” Kvrivishvili said.
Additionally, the Ministry of Agriculture of Georgia signed a cooperation agreement to expand the export of Georgian products to the Chinese market.
A separate memorandum was also signed between Georgia’s Ministry of Economy and the National Development and Reform Commission of China to strengthen cooperation in the field of artificial intelligence.