Galt & Taggart has published a presentation on the need to upgrade Georgia's economic model. Following the document, the COVID-19 world pandemic has stressed the significance of local production and the need for the supply chains' diversification.
Galt & Taggart says that Georgia has the potential to replace about 850 mln-USD imports by the facilitation of agriculture and construction, and diversify exports.
Under the document, Georgia can develop production in agriculture in dairy and milk products, corn, vegetables and fruits, food procession.
''Georgia can replace imports of 400 mln USD value and diversify exports. The land consolidation and low productivity remain the main challenge of the field,'' the document says.
Following the document, the following products' encouragement is reasonable: cables, plastic, furniture, metal materials, ceramics, cement, and others.
Bela Gelashvili
News Author