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Russia to suspend free trade agreement with Georgia

by | Jul 31, 2014
grapes

Georgia’s wine export has boomed after a recent taw in relations with Russia.

TBILISI, DFWatch–Russia plans to suspend its free trade agreement with Georgia.

According to Ria Novosti, the Russian Duma has prepared a draft bill about suspending the free trade agreement with Georgia.

The note of the draft reads that the agreement signed between Russia and Georgia on February 3, 1994, is revoked and that this is agreed with the foreign, justice and economy ministries of Russia.

Ria Novosti reminds that July 18, the Georgian parliament ratified the association agreement with EU and that most of it will come into force from September 1, including the so-called deep and comprehensive free trade agreement.

After the last bilateral meeting, the Georgian diplomat Zurab Abashidze said he did not expect any significant changes in Russia-Georgia trade relations following the signing of the the association agreement.



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