Georgia’s liberal trade regimes provide investors with a favorable opportunity to not only access the country’s 3.7 m residents, but the wider region’s markets, as a direct result of the absence of customs and import tariffs. To date, Georgia has signed FTAs with CIS countries that include Ukraine, Belarus, Moldova, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan, as well as its neighbors, Turkey, Azerbaijan and Armenia.
The Association Agreement (“AA”) with EU was signed and ratified in 2014, including Deep and Comprehensive Free Trade Agreement (“DCFTA”). Additionally on 27th of June 2016 Georgia signed FTA with EFTA countries, giving Georgian products duty free access to markets of Iceland, Liechtenstein, Norway and Switzerland.
General Schemes of Preference for Georgia with the US, Canada, and Japan have also been applied for, with the result being lower tariffs on 3,400 goods exported from Georgia.
February 2016 marked the start of negotiations between Georgia and Peoples Republic of China on free trade agreement. Considering high political interest from both sides, agreement will be reached very soon.
Additionally, Georgia is a member of the World Trade Organization (WTO) since 2000.
In terms of border control, all foreign travelers to Georgia enjoy highly accessible and service-oriented customs policies and administrative protocol. There is almost no custom duty, with 90 % of goods being exempt from import tariffs, with no quantitative restrictions. The average time for customs clearance is currently about 15 minutes – one of the fastest and most efficient in the CIS.
Since June 27, 2014 Georgia benefits from Deep and Comprehensive Free Trade Area with European Union and the products produced in Georgia can enter EU market without customs duty.
The Multilateral Agreement among the CIS countries (12 countries) (1994)