Press Release

Possible Consequences of Georgia-China Free Trade Agreement

Presentation of the studys preliminary results
Date: July, 24
Time: 10 am
Location: Conference hall, The National Parliamentary Library of Georgia
Add: Gudiashvili str. N7
The study showed that a free trade agreement between Georgia and China has great potential. Georgias
export to China would increase by 9% approximately, in the short-term period including significant growth of
wine exports (28.5%) and non-alcoholic drinks (36.7%). On the other hand, imports from China would increase
by 1.7%.
The study has crucial importance, as further negotiations between the two countries about the agreement will
be based on its results.
The comparative analysis of Georgias foreign trade and trade with China shows that a free trade agreement
may increase export of goods and services in new directions as well.
It would also provide numerous opportunities to increase the trade flow in services, in terms of transport and
logistics, and tourism.
Growth in Chinese investments, including in infrastructure projects that will facilitate an increase in AsiaEurope trade flow and in the medical and financial sectors, under the framework of the new policy of the
Chinese government would be expected.
In addition to increased investments, free trade agreement will enhance investment attractiveness of Georgia
in general. Considering Georgias trade policy liberalization, it will not affect local producers and the growth of
import. Taking into account all the effects, we can say that trade liberalization with China will contribute to the
development of Georgias economy, explained Lasha Chochua, Economist at PMC RC.
The study was prepared by PMC Research Center with the experts of Chinas University of International
Business and Economics (UIBE) and in collaboration with the Ministry of Economy and Sustainable
Development of Georgia and Ministry of Commerce of the Peoples Republic of China.
Contact information:
Kate Lekishvili, PR Manager at PMC Research Center
Tel: +995 599 975 975
E-mail: k.lekishvili@pmcg.ge