2016-11-22
"We aim to introduce high European standards in Georgia and thereby aspire to become more flexible than typical European countries in terms of liberal trade and regulatory burden" stated Mr. Giorgi Kvirikashvili, Acting Prime Minister of Georgia while addressing the audience gathered to celebrate the Investor Day on November 22, 2016.
In the opinion of the Acting Prime Minister, main goal of the Government of Georgia is to develop businesses as the country has all the resources and potential to fully materialize the business opportunities of Georgia.
"As you may well be aware, Georgia concluded an Association Agreement (AA) with the European Union (EU). Deep and Comprehensive, Free Trade Area is an integral part of it and offers tremendous opportunities to the country for exporting its output to the European markets. Very recently we concluded the AAs with Member States of the Free Trade Association of Europe. Signing of Free Trade Agreements (FTA) with 4 more countries enabled us to gain access additionally to the markets with 14 million consumers. Georgia also concluded negotiations on FTA with China. It will be signed in the nearest future" noted Mr. Kvirikashvili.
Acting Prime Minister believes that Georgia is the most open, liberal and free economy in the region and has strategically attractive geographic position. Mr. Kvirikashvili referred to the World Bank indicators, according to which Georgia ranks 16th among 190 countries of the world in terms of Ease of Doing Business, thus progressing by 7 positions in contrast with the previous year.
"Annually, reputable international organizations rank Georgia high every time. In line with the Open Governance Metrix, Georgia is one of the key reformers with a business environment, judiciary, rule of law, fights against violence, stability and degree of regulations keep advancing in a sound and sustainable manner. According to the Fraser Institute, Georgia is among the Top Five countries of the world with the Highest Degree of Economic Freedom. This is truly remarkable" added Mr. Kvirikashvili.
Acting Prime Minister exposed the event participants with the Four Point Plan of the Reform Agenda of the Government of Georgia.
Investor Day, which was organized today by BGEO Investment Group aims to attract foreign direct investments (FDI) to Georgia.