Course summary Doing Business in Georgia:
Doing Business in Georgia Tbilisi. Imports Exports. Foreign direct investment. Guam Black Sea
As a bridge between Europe and Asia, Georgia offers direct access to
European,
GCC and
CIS markets (more than 1 billion consumers). Georgia is a
prime location for centralized market operations in the Black Sea Region. Is
ranked 13th out of 183 economies (Doing Business Report, World Bank & IFC).
Georgia is member of the United Nations, the Council of Europe, EU initiative,
the World Trade Organization, the Organization of the Black Sea Economic
Cooperation, the Organization for Security and Cooperation in Europe, the
Community of Democratic Choice, the GUAM Organization for Democracy and Economic
Development, OECD and the Asian Development Bank. Georgia is partner in the
TRACECA corridor.
Trade Regimes:
- Free Trade Regime – with CIS countries and
Turkey (since November 1, 2008)
- Most Favored Nation Regime (MFN) – with World Trade Organization (WTO) member
countries
- Preferential Regime (GSP) – with
USA,
Canada, Japan, Switzerland, Norway
- Preferential Regime (GSP+) – with EU (7200 products duty free)
- Possibility of FTA with EU in nearest future (European
Neighbourhood Policy (ENP): Black Sea Synergy (EU))
Prior to the global economic crisis, Georgia experienced unprecedented economic
growth, with a 4-Year Average GDP Growth Rate of 10.5% before the crisis,
reaching max of 12% in 2007. Despite recent slowdowns in GDP growth and Foreign
Investment caused by the global financial crisis, Georgia’s real GDP growth rate
was 6.4% in 2010. This growth has been fuelled by significant domestic and
international investment.
In 2010, Georgia’s total international trade turnover was USD 6.7 Billion, an
increase of 199% since 2005.
Example of the course Doing Business in Georgia:
Georgian National Investment Agency (GNIA) is a sole public agency responsible
for promoting and facilitating foreign direct investment in Georgia.
Georgia shares borders with Russia, Turkey,
Armenia, and
Azerbaijan. The
official languages of Georgia are Georgian and also Abkhaz. Most of the
population practices Eastern Orthodox Christianity (84%).
Educational level: Continuing education / Executive education programs.
EENI International Business
