Economy

India, Georgia Begin Free Trade Agreement Talks

India, Georgia Begin Free Trade Agreement Talks January 17, 2018Leave a comment
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India has begun the process of negotiating a free trade agreement (FTA) with Georgia additionally, the two countries thought i would launch some pot feasibility study for a similar.

“Normally made available, the Joint Feasibility Study Group composed of the officials of the countries has been established,” commerce ministry said in the statement after Georgia’s Minister of Economy and Sustainable Development Giorgi Gakharia met India’s Commerce and Industry Minister Nirmala Sitharaman.

The dangerous group gives its report in 6 months after discussing the possible scope on the potential FTA and analysing the sensitiveness of specific sectors, while recommending possiblity to address them.

India features a positive trade balance with Georgia. In 2015-2016 the full export from India to Georgia was $82.57 million and import from Georgia was $24.47 million.

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