Free trade agreement benefits China more than Georgia

Free trade agreement benefits China more than Georgia

Following enhancement of its trade relations with China, Georgia has failed to enjoy even a minimum benefit. Against this backdrop, when Georgian market abounds with Chinese products, exported products to China, including wine, have reduced in number.

As per the Saxtat statistical data, in 2018, products valued at $198 million were imported to China, with this being $3,7 million less than in 2017. However, imports have increased and if in 2017, imported products were valued at $732 million, in 2018, this amount increased at $833 million.

Also, in 2018, Georgian wine exported to China amounted to $19,8 million GEL, in 2017, this amount increased at 20.4 million USD.

The government is exerting efforts to increase the number of agricultural products on China’s market. Obviously, this trend is immensely positive, but the country’s resources to achieve this aim are limited, whereas Chinese products may become absolutely dominant on the market.

As per analytical expert Gia Khukhashvili, in this situation only one winning party exists, which is China; however, economist Emzar Jgeneraia disagrees with him and thinks that Georgian businessman have been provided with a good opportunity to achieve success on the new market, and they must take advantage of it.  

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