INDUSTRIAL NEWS AND ANNOUNCEMENTS

On June 28, a Free Trade Agreement was signed between Georgia and Hong Kong, the Special Administrative Region of the People’s Republic of China.

Deputy Minister of Economy and Sustainable Development of Georgia Genadi Arveladze, on the behalf of the Government of Georgia, and the Secretary of Commerce and Economic Development of Hong Kong, Edward Yau Tang-Wah signed the Agreement.

It was signed at the opening ceremony of the Belt and Road Summit, attended by 3,000 guests from different countries around the world, including the representatives of governments and business sectors. 

The Agreement will significantly contribute to the intensification of the inter-regional trade. According to finchannel.com, its purpose is to determine the terms of the free movement of goods between Georgia and Hong Kong, the Special Administrative Region of the People’s Republic of China, and promote trade in services. 

The newly signed Agreement between the parties also covers such topics as customs, promotion of trade, intellectual property rights, technical barriers to trade, sanitary and phytosanitary measures, etc.

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