Turkey has received the right to export to the European Union in the free trade regime produced in Georgia products from Turkish raw materials. This was reported in the press service of the Ministry of Economy and Sustainable Development of Georgia.
“The entry into force of the so-called diagonal cumulation between the European Union, Georgia and Turkey will significantly increase the range of that products that can be exported to the EU in free trade mode. In particular, it will affect textiles, furniture, building materials, plastics, products from steel , paper, cardboard and other products. In addition, such an agreement will encourage investments from Turkey, promote the formation of joint companies and the creation of new jobs, “- quotes TASS Minister of Economics of the Natia Tournava.
A new agreement does not apply to agricultural products, clarified in the Ministry of Economy.
Georgia, Turkey and the EU have been working on an agreement since 2017. Turkey is the main trading partner of Georgia. In January-August 2021, the trade turnover between countries exceeded $ 1.2 billion, which is 32.5% more than the figure for the same period of 2020.