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China, Georgia sign preliminary trade pact

The deal is expected to see Chinese firms building ports and railways in Georgia, and will boost Georgian wine exports to the world's No. 2 economy.


October 6, 2016 9:56:13 am
china georgia trade pact, china georgia trade, china, georgia, trade, news latest news, economy, world economy, china news, georgia news, world news, international news, latest news, china trade, georgia trade,  China is Georgia’s fourth-largest trade partner and its second-biggest importer of wine, according to the statement.

China and Georgia on Wednesday signed a preliminary free trade agreement that is expected to take effect from the end of 2017.

The deal is expected to see Chinese firms building ports and railways in Georgia, and will boost Georgian wine exports to the world’s No. 2 economy, according to a statement posted on the website of China’s commerce ministry.

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Georgia, with a population of 3.7 million, has deposits of minerals such as copper and manganese. China is Georgia’s fourth-largest trade partner and its second-biggest importer of wine, according to the statement.

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