PM Bakhtadze Speaks on Gaps in Georgia-Azerbaijani Trade Relations

PM Bakhtadze Speaks on Gaps in Georgia-Azerbaijani Trade Relations

PM Bakhtadze Speaks on Gaps in Georgia-Azerbaijani Trade Relations

The FINANCIAL -- At a news briefing on September 6, Prime Minister Mamuka Bakhtadze said Georgia and Azerbaijan have “certain gaps” in their free trade agreement.

“It is very important to ensure increased trade with our neighboring countries,” Bakhtadze announced. He then spoke of the “unfair regimes” that cause certain barriers to local production.

PM Bakhtadze’s statement came a week after his meeting with Azerbaijani President Ilham Aliyev in Baku, where the two officials discussed bilateral and regional cooperation.

Georgia-Azerbaijani free trade agreement entered into force back in 1996.

Georgia’s trade turnover with Azerbaijan, according to the State Statistics Office Geostat, stood at USD 882 million in 2017, with exports at USD 272.2 million (USD 152.6 million in 2016) and imports at USD 609.8 million (USD 492.5 million in 2016).