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Georgia, Kyrgyzstan agree to boost trade ties

14 October 2016 [16:27] - TODAY.AZ

By Azernews


By Gunay Hasanova

The first official visit of Kyrgyz President Almazbek Atambayev to Georgia is expected to positively affect the development and strengthening of bilateral relations between the two countries.

During this two-day visit, Atambayev held a bilateral meeting with his Georgian counterpart Giorgi Margvelashvili. A number of agreements have been signed between the two governments.

Political ties between the two countries were discussed at the meeting and both parties agreed that intensive dialogue between Georgia and Kyrgyzstan should always be supported.

Margvelashvili noted that agreements signed in the fields of security, economy, and education will create new cooperation opportunities between the two countries.

The regional role of Georgia and the development of the trans-regional collaboration were also discussed at the meeting.

Further, the Georgian and Kyrgyz sides signed an agreement to prevent double taxation and evasion of income and capital taxes. The agreement is expected to increase economic cooperation between Georgia and Kyrgyzstan and attract more foreign investments.

This was the first official visit of the Kyrgyz president to Georgia in the history of the Kyrgyz-Georgian relations, which were established in 1992.

The Kyrgyz National Statistical Committee reported that the trade turnover between Kyrgyzstan and Georgia in 2015 was $5.6 million, including exports from Kyrgyzstan - $1.9 million, while imports from Georgia - $3.7 million.

The main items of export from Kyrgyzstan to Georgia are vegetables and fruit, grain products, petroleum products (kerosene), medical and pharmaceutical products, medicines, electrical machinery, apparatus and appliances, production of non-metallic minerals, textile yarn, fabrics, manufactured goods of textile materials.

The main items of imports from Georgia to Kyrgyzstan are food, beverages, medical and pharmaceutical products, medicines, electrical machinery, apparatus and appliances, items of clothing and clothing accessories.

URL: http://www.today.az/news/regions/155104.html

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