China, Georgia vow to reach comprehensive FTA within 2016
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Liu Yuhua (3rd L), chief negotiator and commercial counselor of the Chinese Ministry of Commerce, speaks during the first round of negotiations for a free trade agreement in Tbilisi, Georgia, Feb. 22, 2016. China and Georgia officially launched here Monday the first round of negotiations for a free trade agreement (FTA), pledging to work closely together to conclude a comprehensive deal within 2016. (Xinhua/Giorgi Induashvili)

China and Georgia officially launched here Monday the first round of negotiations for a free trade agreement (FTA), pledging to work closely together to conclude a comprehensive deal within 2016.

"We are expected to reach a high-standard FTA with China to push forward the future development of our trading cooperation," said Genadi Arveladze, Georgia's chief negotiator and deputy minister of economy and sustainable development, at the beginning of the talks.

"China has become the fourth largest trading partner and one of the fastest increasing export destinations for Georgia in 2015," Arveladze said.

Liu Yuhua, chief negotiator and commercial counselor of the Chinese Ministry of Commerce, said launching the negotiations represents an important milestone in bilateral relations and provides further evidence of China's commitment to deepening cooperation with Georgia in all fields.

The two sides agree that a balanced and comprehensive FTA will greatly push forward economic and trade cooperation and benefit the two peoples.

According to the agenda, in the first round of negotiations, the two sides will have an in-depth exchange of views on topics including the framework document, the establishment of a work group and text consultation.

A memorandum of understanding was reached by the Chinese Ministry of Commerce and the Georgian economic department in December 2015 to begin the FTA negotiations.

Related:

China, Georgia begin talks on free trade agreement

BEIJING, Dec. 10 (Xinhua) -- China and Georgia have launched negotiations for a free trade agreement (FTA), China's Ministry of Commerce (MOC) said on Thursday.

A memorandum of understanding was signed by the MOC and Georgia's economic department to begin the talks, the ministry said in a brief statement.

The two sides have completed a feasibility study which showed how the FTA will boost trade between the two countries, according to an MOC statement.

China is now Georgia's third-largest trading partner globally and second-largest source of imports.

 

Author： 　　　Source：xinhua　　　 Editor：Yang Fan