Georgian President talks China-Georgia ties

CNC
Added On June 13, 2018

In an exclusive interview, the Georgian President told CNC that China's development is a great opportunity, for Georgia and the world as a whole.
Economy Report has more.
 
The Georgian President said China is an "important and interesting" actor in the global economy and politics, contributing greatly to world peace and stability.
 
SOUNDBITE(ENGLISH): GIORGI MARGVELASHVILI, Georgian President
"We look at China's development as a rare and great opportunity, instead of a challenge, for the world. That is why Georgia signed a free trade agreement last year with China."
      
He said relations between Georgia and China have been developing in the right direction, and that there has been fruitful cooperation since the two countries established diplomatic relations in 1992.
 
SOUNDBITE(ENGLISH): GIORGI MARGVELASHVILI, Georgian President
"We two countries have developed a good long-term relationship, supporting each other politically and cooperating economically."
   
The president also spoke highly of the free trade agreement (FTA), signed between the two countries last year. He hailed it as a great economic achievement, that is significant for Georgia's future.
   
The China-Georgia FTA was signed in May 2017 and has been effective since January 2018. The agreement will cancel import tariffs for 94 percent of Georgian products sold to China.
 
In return, about 97 percent of Chinese products entering Georgia will be duty-free.
   
SOUNDBITE(ENGLISH): GIORGI MARGVELASHVILI, Georgian President
"Talking about the Belt and Road initiative, which is great and visionary, I think Georgia is one of the leading countries in cooperation with China to develop this project in the region."
   
The Georgian President said Georgia is ready to join China, and tap into Georgia's unique potential, to help build the Belt and Road.