Georgia

06 Eylül 2018

Free Trade Agreement (FTA) between the Republic of Turkey and Georgia was signed on 21 November 2007 in Tbilisi and entered into force on 1 November 2008.

With Turkey-Georgia FTA, tariff and non-tariff barriers for trade were eliminated in trade between the Parties. The Agreement also regulates numerous areas such as sanitary and phytosanitary measures, intellectual property rights, internal taxation, balance of payments, anti-dumping, safeguard measures, rules of origin and competition.

According to the Agreement, customs duties on imports and any charges having equivalent effect on industrial products originating in the Republic of Turkey or Georgia are reciprocally abolished upon the entry into force of this Agreement.

Concerning agricultural products, Turkey, granted duty reduction or exemption from customs duties in the form of tariff quotas for certain products, in return Georgian Side eliminated tariffs on imports into Georgia for agricultural products originating in Turkey, except for a limited number of products. Reciprocal concession lists for agricultural products are laid down in Protocol I of the Agreement.

The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Protocol II of the Agreement.

Trade volume between Turkey and Georgia was realized as 1.424 million US$ in 2017 with an increase of 16% compared to 2017. In 2017, imports from Georgia were 215 million US$, whereas Turkey’s exports to Georgia were 1.209 million US$.