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Georgia is connected by the Black Sea in the west, by Turkey and Armenia in the south, by Azerbaijan in the east

, and Russia in the north. The republic also involves the Abkhazia and Ajara autonomous republics and South Ossetia. History Georgia became a kingdom about 4 B.C. and Christianity was introduced in A.D. 337. During the reign of Queen Tamara (1184–1213), its territory included the whole of Transcaucasia. During the 13th century, Tamerlane and the Mongols decimated its population. From the 16th century on, the country was the scene of a struggle between Persia and Turkey. In the 18th century, it became a vassal to Russia in exchange for protection from the Turks and Persians. Georgia joined Azerbaijan and Armenia in 1917 to establish the antiBolshevik Transcaucasia Federation and upon its dissolution in 1918, Georgia proclaimed its independence. In 1922, Georgia, Armenia, and Azerbaijan were annexed by the USSR and formed the Transcaucasia Soviet Socialist Republic. In 1936, Georgia became a separate Soviet republic. Under Soviet rule, the country was transformed from an agrarian to a largely industrial, urban society.

Government Prime Minister President Minister of State Total Area Capital Languages Religions

Republic. Nikoloz Gilauri (2009) Mikhail Saakashvili (2004) Avtandil Jorbenadze (2001) 26,911 sq mi (69,700 sq km) T'bilisi (2009) Georgian 71% (official), Russian 9%, Armenian 7%, Azeri 6%, other 7% Orthodox Christian 83.9%, Muslim 9.9%, ArmenianGregorian 3.9%, Catholic 0.8%, other 0.8%, none

Population est.)

0.7% (2002 census) (2010 4,600,825 (growth

rate:

–0.3%);

birth

rate:

10.7/1000; infant mortality rate: 15.6/1000; life

expectancy: 76.9; density per sq km: 66 Capital and Largest Tbilisi, 1,440,000 (metro. area), 1,240,200 (city City (2003 est.) Monetary Unit Central Bank International Reserves Economy Gold, silver, copper and iron have a very been old mined in The the Caucasus country has history Mountains. Wine making is tradition. Georgia's proper) Lari National Bank of Georgia US$ 2.11 billion (Source: World Bank; November 2010)

sizable hydropower resources.

Throughout

modern

agriculture and tourism have been principal economic sectors, because of the country's climate and topography. For much of the 20th century, Georgia's economy was within

the Soviet model of command economy. Since the fall of the USSR in 1991, Georgia embarked on a major structural reform designed to transition to a free market economy. As with all other post-Soviet states, Georgia faced a severe economic collapse. The civil war and military conflicts in South Ossetia and Abkhazia aggravated the crisis. The agriculture and industry output diminished. By 1994 the gross domestic product had shrunk to a

and break of financial links was described by the IMF Mission as an "external shock". This was followed by the spike in the Georgian lari's rate of inflation. Since early 21st century visible positive developments have been observed in the economy of Georgia. . The 2006 ban on imports of Georgian wine to Russia. making Georgia one of the fastest growing economies in Eastern Europe. machinery and parts. In 2007 Georgia's real GDP growth rate reached 12%. The World Bank dubbed Georgia "the number one economic reformer in the world" because it has in one year improved from rank 112th to 18th in terms of ease rate of of doing business. The first financial help from the West came in 1995. one of Georgia's biggest trading partners.quarter of that of 1989. Since coming to power Saakashvili administration accomplished a series of reforms aimed at improving tax collection.. oil products. The Georgian authorities expected that the current account deficit due to the embargo in 2007 would be financed by "higher foreign exchange proceeds generated by the large inflow of foreign direct investment" and an increase in tourist revenues. Russia increased the price of gas for Georgia. Among other things a flat income tax was introduced in 2004 As a result budget revenues have increased fourfold and a once large budget deficit has turned into surplus. In addition. and transport equipment. Georgia's main imports are natural gas. The National Bank of Georgia stated that the inflation was mainly triggered by external reasons. Georgia is becoming more integrated into the global trading network: it’s 2006 imports and exports account for 10% and 18% of GDP respectively. including Russia’s economic embargo. when the World Bank and International Monetary Fund granted Georgia a credit of USD 206 million and Germany granted DM 50 million. and has The country has a high unemployment 12.6% fairly low median income compared to European countries. The country has also maintained a solid credit in international market securities.

moving away from agricultural sector (10. over 12. historical monuments of Mtskheta. Tourist attractions include more than 2000 mineral springs. As of 2001 54% of the population lived below the national poverty line but by 2006 poverty decreased to 34%. four of which are recognized as UNESCO World Heritage Sites(Bagrati Cathedral in Kutaisi and Gelati Monastery.934 billion of International dollars Parity) (2010 estimate) GDP per capita .855 billion (2010 estimate) GDP GDP (Purchasing Power 23. the Baku-Tbilisi-Ceyhan pipeline (BTC) and a parallel gas pipeline. IMF 2007 estimates place Georgia's nominal GDP at US$10.927 (2009 estimate) Prices GDP per capita – PPP GDP .composition by sector $5. In 2005 average monthly income of a household was GEL 347 (about 200 USD).3 billion. and Upper Svaneti). About a million tourists brought US$313 million to the country in 2006.9%).450 International Dollars (2009 estimate) • Agriculture: 12.2% • • Industry: 26% Services: 61. According to the government.8% (2009 estimate) Gross Domestic N/A Expenditure on R&D (% of . from Baku through to Ceyhan. Gross Domestic Product . the South Caucasus Pipeline. Georgia's economy is becoming more devoted to services (now representing 65% of GDP).000 historical and cultural monuments. Tourism is an increasingly significant part of the Georgian economy. there are 103 resorts in different climatic zones in Georgia.US$ 12.Current US$ 2.Georgia is developing into an an oil international pipeline transport corridor Tbilisi through Batumi and Potiports.

Foreign Relations Georgia maintains good relations with its direct neighbors’ Armenia. in its alternative report about its implementation. the Council of Europe. While human rights activists maintained that the protests were peaceful. and that the protesters' actions were legitimate. the Organization of the Black Sea . speaks of rapid decreasing of the number of Azerbaijani schools and cases of appointing headmasters to Azerbaijani schools who don't speak the Azerbaijani language. with tear gas and rubber bullets after they refused to clear Rustaveli avenue for an independence day parade despite the expiration of their demonstration permit and despite being offered to choose an alternative venue. 2011 when it dispersed protesters led by Nino Burjanadze. Azerbaijan. and is a member of the United Nations. Turkey. the government pointed out that many protesters were masked and armed with heavy sticks and Molotov cocktails. NGO "Tolerance". Georgia has ratified the Framework Convention for the Protection of National Minorities in 2005. the World Trade Organization. Georgian opposition leader Nino Burjanadze said the accusations of planning a coup were baseless. among others. The government came under criticism for its alleged use of excessive force on May 26.GDP) Household Saving Rates Government Bond Ratings N/A Standard & Poor's: B+/Stable/B Moody's rating: Ba3 Moody's outlook: STA Human Rights Human rights in Georgia are guaranteed by the country's constitution. There is an independent human rights public defender elected by the Parliament of Georgia to ensure such rights are enforced.

Georgia is currently working to become a full member of NATO. Georgia's decision to boost its presence in the coalition forces in Iraq was an important initiative. 2006.S. the Organization for Security and Cooperation in Europe. 2006. the discussion of the assessment report on implementation of the Individual Partnership Action Plan was held at NATO Headquarters. and European Union influence in Georgia. On March 6–9. the Community of Democratic Choice. South Korea. within 26+1 format. In 2005. On March 2. notably through proposed EU and NATO membership. . by the decision of the President of Georgia. Georgia also maintains political. the IPAP implementation interim assessment team arrived in Tbilisi. 2005. the agreement was signed on the provision of the host nation support to and transit of NATO forces and NATO personnel. In 2006. Train and Equip military assistance program and the construction of the Baku-Tbilisi-Ceyhan pipeline. have frequently strained Tbilisi's relations with Moscow. 2005. which presents an interdepartmental group headed by the Prime Minister. Uruguay. On October 29. On February 14. and the Asian Development Bank. On April 13. economic and military relations with Japan. The growing U. The Commission was tasked with coordinating and controlling the implementation of the Individual Partnership Action Plan. 2004. the North Atlantic Council of NATO approved the Individual Partnership Action Plan (IPAP) of Georgia and Georgia moved on to the second stage of Euro-Atlantic Integration.Economic Cooperation. Sri Lanka. whereby a liaison officer for the South Caucasus was assigned to Georgia.S. the GUAM Organization for Democracy and Economic Development. a state commission was set up to implement the Individual Partnership Action Plan. the agreement on the appointment of Partnership for Peace (PfP) liaison officer between Georgia and the North Atlantic Treaty Organization came into force. the Individual Partnership Action Plan of Georgia was submitted officially to NATO. Israel. the U. In August 2004. Ukraine and many other countries.

and international agreements to which Georgia is signatory. Bush became the first sitting U. They are performed under the guidance and authority of the Ministry of Defense. Saakashvili has boosted spending on the country's armed forces and increased its overall size to around 45.S. The Action Plan was formally approved at the EU-Georgia Cooperation Council session on November 14.000 have been trained in advanced techniques by U. serving in Baqubah and the Green Zone of Baghdad.000. From the European commission website: President Saakashvili views membership of the EU and NATO as a long term priority. military instructors. George W. The street leading to Tbilisi International Airport has since been dubbed George W. Georgia’s Law on Defense and National Military Strategy. 12. Since coming to power in 2004. 2006. confrontation he seeks to maintain close relations with the United States and European Union. The mission and functions of the GAF are based on the Constitution of Georgia.S. Georgian and the European Union signed a joint statement on the agreed text of the Georgia-European Union Action Plan within the European Neighborhood Policy (ENP). under the Georgia Train and Equip Program. Of that figure. As he does not want Georgia to become an arena of Russia-U. The majority of Georgians and politicians in Georgia support the push for NATO membership. 2006 in Brussels. They are collectively known as the Georgian Armed Forces (GAF). . Some of these troops have been stationed in Iraq as part of the international coalition in the region.S. Bush Avenue.the Georgian parliament voted unanimously for the bill which calls for integration of Georgia into NATO. On October 2. president to visit the country. Military Georgia's military is organized into land and air forces. at the same time underlining his ambitions to advance co-operation with Russia.

20 higher education institutions are accredited by the Ministry of Education and Science of Georgia. basic (3 years. and provided security for the Iraqi Parliament. Education The education system of Georgia has undergone sweeping modernizing.In May 2005. reforms since 2004. Education in Georgia is mandatory for all children aged 6–14. the Third Infantry Division. the 13th "Shavnabada" Light Infantry Battalion became the first full battalion to serve outside of Georgia. As of 2008. . Only the students who have passed the Unified National Examinations may enroll in a state-accredited higher education institution. age level 6–12). The school system is divided into elementary (6 years. age level 15–18). Students with a secondary school certificate have access to higher education. Since 2009. based on ranking of scores he/she received at the exams. and secondary (3 years. or alternatively vocational studies (2 years). and a Doctoral Program (3 years). This unit was responsible for two checkpoints to the Green Zone. making it the highest per-capita troop contributor to the mission. Most of these institutions offer three levels of study: a Bachelor's Program (3–4 years). although controversial. Georgia has suffered 10 deaths and 38 injuries. In October 2005. As of September 2011. There is also a Certified Specialist's Program that represents a single-level higher education program lasting for 3–6 years. a Master's Program (2 years). Soldiers of the 13th "Shavnabada" Light Infantry Battalion wear the "combat patches" of the American unit they served under. Gross primary enrollment ratio was 94% for the period of 2001–2006. age level 12–15). Georgia contributes nearly 1000 soldiers to the NATO- led International Security Assistance Force in Afghanistan. the unit was replaced by the 21st Infantry Battalion.

and later by the Russian Empire. Architecture and Arts Georgian architecture has been influenced by many civilizations. Giorgi Danelia and Otar Ioseliani. Lado Asatiani. theatre and cinema. continuing into the rise of the unified Georgian Kingdom under the single monarchy of the Bagrationi. Georgian culture was influenced by Classical Greece. architecture and science in the 11th century. ballet choreographers such as George Balanchine. fortifications and churches. and theatre and film directors such as Robert Sturua. Vakhtang Chabukiani. poets such as Galaktion Tabidze. and the aspects castle of town of Shatili in Khevsureti. Other architectural Georgia . Georgia is well known for its rich folklore. Elene Akhvlediani. and the Classical Georgian literature of the poet Shota Rustaveli. cinema. Ilia Chavchavadze. and many others. laying the foundations of the romantics and novelists of the modern era such as Grigol Orbeliani. towers.Tengiz Abuladze.Culture Georgian culture evolved over thousands of years with its foundations in Iberian and Colchian civilizations. Vazha Pshavela. dance. were revived in the 19th century after a long period of turmoil. Georgians are renowned for their love of music. the Roman Empire. The Georgian language. Georgian culture enjoyed a golden age and renaissance of classical literature. philosophy. arts. Akaki Tsereteli. Nikoloz Baratashvili. There are several different architectural styles for castles. Georgian The castle Upper Svaneti fortifications. and Mukhran Machavariani. are some of the finest examples of medieval architecture. the Byzantine Empire. and art. In the 20th century there have been notable Georgian painters such as Niko Pirosmani. theatre. Lado Gudiashvili. and Nino Ananiashvili. unique traditional music.

One of the most unusual traditions of dining is Supra. iconic and modern visual arts. the ancient Greek. Georgian ecclesiastic art is one of the most fascinating aspects of Georgian Christian architecture. medieval. the foods of other countries have been brought to Georgia by immigrants from Russia. The head of Supra is known as Tamada. One of the most famous late 19th/early 20th century Georgian artists is a primitivist painter Niko Pirosmani. before that. Khinkali (meat dumplings). Roman. He also conducts the highly philosophical toasts.include Rustave liavenue in Tbilisi in the Hausmann style. or Georgian table. and the Monastery of the Cross in Jerusalem (built by Georgians in the 9th century). Various historical regions of Georgia are known for their particular dishes: for example. In addition to traditional Georgian dishes. The art of Georgia spans the prehistoric. adapting traditions in each era. from eastern mountainous Georgia. and the Old Town District. and makes sure that everyone is enjoying themselves. mainly from Imereti. and Khachapuri. ecclesiastic. Samegrelo and Adjara. Cuisine Georgian cuisine and wine have evolved through the centuries. and recently China. Cross-dome architecture developed in Georgia during the 9th century. Greece. which combines classical dome style with original basilica style forming what is known as the Georgian cross-dome style. Iviron monastery in Greece (built by Georgians in the 10th century). which is also a way of socializing with friends and family. most Georgian churches were basilicas. Other examples of Georgian ecclesiastic architecture can be found outside Georgia: Bachkovo Monastery in Bulgaria (built in 1083 by the Georgian military commander Grigorii Bakuriani). .

In the first half of the 4th century Christianity was adopted as the state religion. Andrew. According to the Constitution of Georgia. Historically. Most of the population of Georgia (83. Despite the long history of religious harmony in Georgia. Muslims (9.8%). Georgia has been famous for . basketball. who is considered to be the Enlightener of Georgia and the Equal to Apostles by the Orthodox Church. religious institutions are separate from government and every citizen has the right of religion. there have been several instances of religious discrimination and violence against "nontraditional faiths". once being under the See of Antioch. gained an autocephalous status in the 4th century during the reign of King Vakhtang Gorgasali.9%). This has provided a strong sense of national identity that has helped to preserve a national Georgian identity despite repeated periods of foreign occupation and attempted assimilation. Sports Among the most popular sports in Georgia is football.9%) practices Orthodox Christianity and the Georgian Orthodox Church is an influential institution in the country. The Georgian Orthodox Church. founded in the 1st century by the Apostle Andrew the First Called. and Matthias. and weigh lifting. such as Jehovah's Witnesses. and Roman Catholics (0. rugby union. wrestling. Iberia was officially converted to Christianity in 326 by Saint Nino of Cappadocia.9%). by the followers of the defrocked Orthodox priest Vasil Mkalavishvili. Simon the Canaanite. Religious minorities of Georgia include Armenian Christians (3.Religion The Georgian Apostolic Autocephalous Orthodox Church is one of the world's most ancient Christian Churches. The Gospel was preached in Georgia by the Apostles.

and Lelo. the Khevsureti region of Georgia has three different styles of wrestling.159. Wrestling remains a historically important sport of Georgia. Demographic Statistics Total population Male Female 8. Hispanic Population Native-Born Hispanics (Percent of Hispanics) Foreign-Born Hispanics (Percent of Hispanics) Mexican Origin (Percent of Hispanics) Non-Mexican Origin (Percent of Hispanics) Age Median Age (years) . Rank 10 22 48 4 10 13 Total Hispanic Population in Georgia Hispanics as Percent of State Population Hispanics as Percent of U.2 50.0 49.its physical education.113 4.S.027.453 4.S. a traditional Georgian game later replaced by rugby union.8 U. There were a number of other styles in the past that are not as widely used today. Within Georgia. For example.000 8% 1. it is known that the Romans were fascinated with Georgians' physical qualities after seeing the training techniques of ancient Iberia.186. one of the most popularized styles of wrestling is the Kakhetian style. Other popular sports in 19th century Georgia were polo.340 Population and National Origin 816. and some historians think that the Greco-Roman style of wrestling incorporates many Georgian elements.7% 50% 50% 62% 38% 100.

000 (26%) 15.000 Annual Personal Earnings of Non-Hispanic Whites $32.000 Annual Personal Earnings of Non-Hispanic Blacks $24.000 Poverty Hispanics 17 and Younger Non-Hispanic Whites 17 and Younger Non-Hispanic Blacks 17 and Younger Hispanics 18-64 Non-Hispanic Whites 18-64 Non-Hispanic Blacks 18-64 Percent in Poverty 40% 11% 32% 27% 4% 14% .000 (74%) U.S. Rank 36 20 17 Annual Personal Earnings of Hispanics $18.000 14% 5.All Hispanics Native-Born Hispanics Foreign-Born Hispanics Non-Hispanic Whites Non-Hispanic Blacks Marriage and Fertility Marriage: Persons Ages 15 and Older All Hispanics Native-Born Hispanics Foreign-Born Hispanics Non-Hispanic Whites Non-Hispanic Blacks 25 10 33 38 31 Percent Married 49% 37% 54% 55% 31% Fertility: Women 15 to 44 Births to Hispanic Women (12 month period prior to survey) Hispanic Births as a Percent of All Births in Georgia Births to Native-Born Hispanics Births to Foreign-Born Hispanics Economic Status Earnings: Persons 16 and older Median 20.

000 (18%) 573.S.722 .000 (82%) Rank 9 22 Georgia Demographics & Household Information Georgia Household Information Number of Households Households: Family Households: Non-Family 3. Number of Hispanics Enrolled in K-12 194.369 2.111.006.647 894.S. Rank 28 9 6 Householders Rate Hispanics 43% Non-Hispanic Whites 77% Non-Hispanic Blacks 51% Health Insurance Percent Hispanics Native-Born Hispanics Foreign-Born Hispanics Non-Hispanic Whites Non-Hispanic Blacks Hispanics 17 and Younger Non-Hispanic Whites 17 and Younger Non-Hispanic Blacks 17 and Younger School Enrollment Uninsured 49% 23% 75% 14% 23% 28% 7% 10% U.000 Hispanics as Percent of All K-12 Students 11% Language Language at Home: Persons 5 and Older Only English Spoken at Home Language Other than Only English Spoken at Home 123.Homeownership: Homeownership U.

695 261.299.Households: With Children Age 0-4 Age 5-9 Age 10-14 Age 15-19 Age 20-24 Age 25-34 Age 35-44 Age 45-54 Age 55-59 Age 60-64 Age 65-74 Age 75-84 Age 85+ 1.999 $15.039 176.$49.857 Georgia Income & Jobs $0-10.759 596.000 .000 $10.079.277 592.279 378.961 .999 $25.$24.$14.000 .999 9.508 1.$34.000 .651 285.805 435.353.584 607.150 615.999 $35.174.114 595.992 375.059 369.689 502.256 1.723 87.000 .196 1.

999 $75.$99.2% 275.000 Georgia Education Less than 9th Grade Some High School High School Graduate Some College Associate Degree Bachelor's Degree Graduate Degree Percentage High School or Higher Georgia Residential Statistics Average Home Sale Price Total Housing Units Owner Occupied Rental Occupied Rental Vacancy Rate Vacant Housing Units Median Travel Time to Work Transportation to Work: Public Transportation to Work: Drive / Carpool Transportation to Work: Walk / Bike / Other Work at Home 593.000 .200 3.000 .999 $100.197 718.486.062 107.305 78.6% $111.000 .815 108.093 66.006 1.000 .692 269.999 $150.203 311.$50.740 829.873 430.986 .$149.084 70.368 28 minutes 90.281.737 2.058.154 977.030 557.029.215 8.651 234.999 Over $200.$199.843 393.152 1.$74.

689 241. and Prime Minister as the head of government. from which 75 members are proportional representatives and 75 are elected through single-member district plurality system.227 199. Since February 6. headed by the Prime Minister.Georgia Ethnicity Statistics White African American Hispanic or Latino Asian American Indian or Alaska Native Hawaiian / Pacific Islander Other Government and Politics Georgia is a democratic semi-presidential republic. The Cabinet is composed of ministers. Five parties and electoral blocs had representatives elected to the parliament in the 2008 elections: 5. Mikheil Saakashvili is the current President of Georgia after winning 53.298 . representing their constituencies. and appointed by the President. Members of parliament are elected for 4 four-year term. Notably.393.47% of the vote in the 2008 election.425 435. with the President as the head of state.812 53. 2009 Nikoloz Gilauri has been the prime minister of Georgia. The executive branch of power is made up of the President and the Cabinet of Georgia. known as deputies. the ministers of defense and interior are not members of the Cabinet and are subordinated directly to the President of Georgia. Legislative authority is vested in the Parliament of Georgia. It is unicameral and has 150 members.412.371 2.197 9.

along with countries like Ukraine. very well-formed.[85][86] Observers note the deficit of trust in relations between the Government and the opposition. a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business opportunities in Georgia. As industries in Georgia develop. the Labour Party and Republican Party. Saakashvili states that Georgia is still not a "full-fledged. Different opinions exist regarding the degree of political freedom in Georgia.the United National Movement (governing party). The Joint Opposition." Freedom House puts Georgia in the group of partly free countries. the registration process takes only 1 day to complete. based on a transparent system that promotes the establishment of new enterprises. President Saakashvili believes that the country is "on the road to becoming a European democracy. In fact. crystallized society. Procedures are simple and efficient. . firms and investors are looking for opportunities to invest. and opposition proposals ranging from transforming the country into parliamentary republic to re-establishing the monarchy. and Macedonia. the Christian-Democrats." The political system remains in the process of transition. a liberal tax code. The combination of dynamic economic growth. Although considerable progress was made since the Rose revolution. with frequent adjustments to the balance of power between the President and Parliament. Doing Business in Georgia Setting up a business in Georgia is a straightforward process. Bosnia and Herzegovina. probusiness legislation.

a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business in Georgia. More than 4. the U. Georgia has been a member of the WTO since 2000 and has no quantitative restrictions on trade. The combination of dynamic economic growth. and Free Trade with Turkey.8% have university degrees. waterways. Ü Georgia boasts low tariffs. firms and investors are looking for opportunities to invest. real estate. Extensive public and private investment has developed a dynamic nationwide network of roads. Ü Georgia offers competitive cost factors (labor. utilities. . a liberal tax code. probusiness legislation. CIS countries.9 million people is highly educated – 30. with more than 4.Currently. harbors and airports.600 companies in Georgia were established by foreign investors. These firms have capitalized upon the skills and talents of Georgias multilingual and highly educated workforce. there are approximately 260. Ü Average Gross Monthly Salaries are lower than European equivalents – USD 343 in 2009. Foreign Trade As industries in Georgia develop.S.600 businesses established by foreign capital or with its participation. Ü Georgia hosts an excellent infrastructure. railroads. taxes). Ü Georgia's workforce of 1. including the EU.000 businesses operating in Georgia. streamlined border clearance procedures and preferential trade regimes with major partners.

as well as through the number of Bilateral Investment Treaties and international agreements with . INVESTOR PROTECTION Promoting investment is considered to be a primary goal of the State economic policy. OHSAS. Below are highlights of Georgia’s legal framework as it relates to international investment. as well as the information on entities that can provide quality certification service in the country. Ü Certification and Licences Information on the quality of product is necessary when exporting goods from Georgia. Georgia has implemented a proactive strategy in developing its legal framework in order to attract investment as well as to protect investors and their assets. HACCP are widely applied in international trade. Georgian legislation provides for the protection of investors and their assets through domestic regulations.Ü Georgia's foreign trade has been growing rapidly since 2003 as a result of aggressive policy reforms to make it easier and less expensive to trade across borders. Most countries apply The WTO Agreement on Sanitary and Phytosanitary Measures (SPS Agreement) to regulate requirements for food products and animal fodder. Quality Certificate Quality certificates can be obtained from laboratories that operate in Georgia and are registered in the National Accreditation Body – Accreditation Center (GAC) Legal Framework Since 2004. Georgia offers a high quality of living to visitors. with a focus on Green Energy and organic food production. Quality certification systems such as ISO. Its environment is clean.

Assets of a foreign investor shall not be subject to expropriation. including the amount of damages born by investor from expropriation. and have the same rights and guarantees as Georgian companies. According to the Heritage Foundation. INVESTMENT GUARANTEES Georgian legislation offers unconditional protection of investments. except when it is explicitly provided in the law. With few exceptions. regardless of their nationality. In any event investors have the right to challenge the decision regarding the expropriation of the investment in the local courts of Georgia. Georgia's ranking on the Labor Freedom Index was 99. Most significantly. and investors are guaranteed authorization to hire foreign workers. Georgia has one of the most liberal Labor Codes in the World.9. who are permitted to transfer their income abroad once they have complied with all state duties and levies. should new laws be adopted worsening the investment conditions it shall not have a retrospective application to the existing investment for the period of ten years and the investor will conduct its activity in accordance with law applicable at the time when the investment was LABOR LAW carried out. The State protects investment during the state of war and provides equal treatment of foreign and domestic investors while compensating for damages. decision of the court or constitutes a matter of urgent necessity as envisaged in the respective organic law and with fair compensation. Georgia is a member of the International Labor Organization.partner countries and organizations. foreign investors are guaranteed fair and equal treatment under the law. .

1994. valid and binding under the laws of Georgia and will be recognized and followed by Georgian courts. INTERNATIONAL AGREEMENTS EU & OECD REGULATIONS AGREEMENTS Georgia is party to the EU initiative.CHOICE OF LAW Georgian legislation provides the possibility to foreign investors to have their contractual obligations governed by the law of the country they choose. Furthermore. DISPUTE RESOLUTION According to the Law of Georgia on Promotion and Guarantees of Investment Related Activities. INTERNATIONAL TRADE AGREEMENTS . the most commonly favored tribunal is the International Center of Settlement of Investment Disputes decisions of which are final and binding on the parties and are easily enforceable through the 1958 New York Convention on Recognition and Enforcement of Foreign Arbitral Awards to which Georgia joined on June 2. unless otherwise agreed between the parties. Organization for Economic Cooperation and Development (OECD). the European Neighborhood Policy. However. means that Georgian legislation should be brought in line with the EU laws. which. from a legislation standpoint. The choices of law provisions are legal. any dispute arising out of or in connection with the investment activity between the Government of Georgia and a foreign investor shall be resolved by the courts of Georgia. Georgia has recognized technical regulations of European Council. which will consequently promote the development of business environment and the reduction of technical obstacles in trading. and its main trading partner countries and permitted their comparable activities.

lower tariffs are applied on goods exported from Georgia into these countries. auction. It has joint major bilateral agreements within the WTO. the Government actively works towards establishing international contracts with interested organizations and potential investors. lease-redemption and direct sale. The Government of Georgia received US$266 million USD from privatization in 2007. the Government of Georgia utilizes various methods to privatize state-owned property such as tender.Georgia has been a member of The World Trade Organization since 2000 and benefits from Most Favored Nation Regime with WTO Members. Canada. Switzerland and Japan. Aggressive Privatization Policy Georgia’s government is aggressively privatizing state-owned property to attract private capital to state owned assets in order to introduce efficient management. Georgia has also enjoyed GSP Plus status with Turkey which envisages entire liberalization of trade on industrial goods as well as essential preferences in the field of agriculture. Georgia is beneficiary of GSP Plus trading regime. Georgia benefits from a Generalized System of Preferences when trading with the USA.privatization. Ü Transparency – To ensure a high level of fairness and transparency. increase investment and boost economic growth and jobs creation. From January 2006. www. . which provides lower tariffs for WTO members.ge has been created to provide privatization related information. Key features of Georgia’s privatization policy include: Ü Flexibility – Use of Various Methods of Sale: To promote an efficient privatization process. which allows Georgia to export 7200 products to the 495 million EU market duty free. A special web-site. Accordingly.

transparent and competitive privatization of particular assets necessary to an investment project. Ü Why to invest in Georgia Ü Ü Ü Ü Ü Workforce Business environment Strategic location Business ranking Investment incentive Key Factors Ü Ü Ü Ü Ü Ü Ü Ü Ü Infrastructure Agriculture Tourism Energy Manufacturing Real estate development Financial & insurance Transportation & logistic IT & communications .Any Georgian or foreign person or company has the right to take part in the privatization process in compliance with the laws of Georgia.Ü Fairness – Equal Opportunities for all Potential Buyers . Investor-initiated privatization: Investors can initiate an expedited.