China (Georgia) Created Fair

China（Georgia）Created Fair will be grandly opened from September 23 to 25, 2020. We expect to attract more than 450 companies (including no less than 100 Chinese companies), and plan to attract 12,000+ visitors from professional buyers and visitors. Expanding the market share of Chinese goods in the local market, helping Chinese companies to better take root in the Georgian market!

Market introduction
Georgia has a land area of ​​69,700 square kilometers, mainly Georgian (86.8%). The official language is Georgian. It mainly believes in Orthodox Christianity and the capital is Tbilisi.

With a population of 3.7 million, the market is highly open, foreign exchange is open, infrastructure is eager to improve, more than 95% of goods need to be imported, no manufacturing, industry, food, building materials, clothing, shoes and hats, toys, home appliances, mobile phones, motorcycles, bags, Hardware tools, kitchen and bathroom, lighting, computer products, and consumer goods are all imported. Onion, ginger and garlic are imported from China, and they also have trade radiation effects (Turkey, Armenia, Russia).

The Free Trade Agreement between the Government of the People’s Republic of China and the Government of Georgia entered into force on January 1, 2018. After the entry into force of the agreement, in terms of trade in goods, the company immediately implemented zero tariffs on 96.5% of China’s products, covering 99.6% of the total imports from China; China imposed zero tariffs on 93.9% of the products, covering China’s total imports. 93.8%, 90.9% of the products (42.7% of the imports) immediately implemented zero tariffs, and the remaining 3% of the products (51.1% of the imports) gradually reduced to zero tariffs within 5 years. In terms of trade in services, the two sides further open their markets to each other on the basis of their respective WTO commitments. In addition, the two sides have reached broad consensus in many fields such as environment and trade, competition, intellectual property, investment, and e-commerce.

The China-Georgia Free Trade Agreement is the first free trade agreement signed between China and the countries in Europe and Asia. It is also the first free trade agreement initiated and reached by China after the “One Belt, One Road” initiative. The implementation of the agreement is to implement the specific measures of the 19th National Congress of the Communist Party of China on “promoting the construction of a free trade zone and promoting the construction of an open world economy”. It is of great significance for advancing the strategy of the free trade zone and implementing the “One Belt, One Road” initiative.

In 2018, Georgia’s exports to China totaled US$198 million, down 1.8% year-on-year; imports from China were US$834 million, up 13.7% year-on-year. The trade deficit in Georgia is 636 million US dollars.