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Negotiations in May for U.S.-Georgia trade plan

by | Apr 24, 2012

TBILISI, DFWatch – Negotiations will start between Georgia and the U.S. at the end of May aimed at intensifying trade relations.

Georgia’s Prime Minister Nika Gilauri announced this after returning from a visit to the U.S.

Gilauri met the heads of the Millennium Challenge Corporation and reviewed a new project worth USD 100-150 million, regarding investments in education. Half of the money will be spent for rehabilitation of schools, and part of it to develop the new American University, where Georgian students will be able to receive American diplomas.

Nika Gilauri also met met the director of the International Monetary Fund (IMF) Christine Lagarde. They discussed Georgia-IMF relations.

“It was noted that Georgia’s economy is one of healthy economies in the world. Budget deficit was underlined, the low debt Georgia has, low inflation and a healthy bank sector. In addition, it was remarked that Georgia has important experience with overcoming economic problems, today we have a growing economy. It is very important to share this experience,” Gilauri said.

The PM also had a meeting with the the World Trade Organization while in the U.S.

U.S. President Barack Obama said after hosting his Georgian counterpart Mikheil Saakashvili January 30, 2012, that the U.S. will explore various trading options with Georgia, including the possibility of a free trade agreement.



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