**Georgia and China Strengthen Ties with New Trade Agreement**
A significant step forward has been taken in the economic cooperation between Georgia and China. The two countries have held their 9th session of the Joint Commission for Trade and Economic Cooperation, which resulted in a new agreement on honey exports and further discussions on trade growth, transit corridors, and market access.
The meeting, co-chaired by Levan Davitashvili, Georgian Dream’s first Vice Prime Minister and Minister of Economy, and Ling Ji, Deputy Minister of Commerce of China, brought together senior officials from both sides. The talks focused on increasing trade between the two countries, which has already seen a significant growth. In 2024, the trade turnover reached $1.92 billion, making China Georgia’s fourth-largest trading partner.
**Georgia’s Economic Performance**
The session also highlighted Georgia’s impressive economic performance in 2024. According to Davitashvili, the country achieved an average economic growth rate of 9.7%, placing it among the top performers not only in the region but also in Europe. This success is all the more remarkable given the post-pandemic recovery efforts.
**New Agreements and Ongoing Talks**
The meeting resulted in a new agreement permitting the export of Georgian honey to the Chinese market, which is expected to boost trade between the two countries. Talks are ongoing regarding the expansion of exports to include poultry, with an agreement expected in the coming months. This development comes as part of Georgia’s efforts to diversify its economy and increase its exports.
**Growing Ties with China**
The meeting is also seen as a sign of Georgian Dream’s growing efforts to reorient the country’s foreign policy, deepening ties with China amid mounting Western criticism over democratic backsliding. In May 2024, a visa exemption agreement between Georgia and China came into effect, allowing Georgian citizens to enter China without a visa for stays of up to 30 days per visit. The two countries officially established a Strategic Partnership in 2023.
**Commentary**
The strengthening ties between Georgia and China are a significant development in the region’s economic landscape. As the world continues to navigate global trade trends, Georgia’s growing cooperation with China is expected to have a positive impact on its economy. However, some observers remain cautious about the implications of this growing partnership, particularly given Georgia’s democratic backsliding.
In conclusion, the 9th session of the Joint Commission for Trade and Economic Cooperation between Georgia and China has marked an important milestone in their economic cooperation. As both countries continue to work towards strengthening trade ties, it will be interesting to see how these developments unfold in the coming months.
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