
The Georgian Government enacted regulations and
taxes regimes attractive for foreign investors, as the
Georgian market has the potential of
economic growth due to its perfect location, situated at the shortest access way from Europe to Asia. Georgia is actively seeking to enhance European business and social values and, in 2014, it had signed the
Deep and Comprehensive Fee Trade Agreement, that had opened that way to
Euro-Atlantic integration. If you are interested in
opening a company in Georgia,
our company formation agents can offer you important details on the characteristics of the
economy.
Trading sectors in Georgia
The most
representative trading partners for Georgia are the European Union and Turkey.
Import and export activities have improved in the last years, with an increase of 5% in foreign trade in 2014, compared with the previous year. The
volume of imports increased in 2014 by 7%, accounting a total value of $ 5.7 billion. If you want to
register a company in Georgia in the field of
trading, you should know that the most
profitable import - export industries (at the level of 2013) were the following:
1. In terms of exports, which accounted for a value of $ 3.45 billion, the top industries were:
• cars;
• crude petroleum;
• ferroalloys;
• copper ore;
• various types of nuts.
2. The import market was comprised of:
• refined petroleum;
• cars;
• petroleum gas;
• medicaments;
• wheat.
The total value of the imports raised to the value of $ 8.4 billion.
Trading partners
In terms of exports, the main trading partners of Georgia are: Azerbaijan, Bulgaria, Armenia, Ukraine and Russia. The top import partners are: Turkey, Russia, Azerbaijan, China and Ukraine.
The Georgian market exports 120 products with a revealed comparative advantage, meaning that the exported products and goods have exceed the share the country typically has for those specific products.