Tbilisi Toasts Beijing Over Trade Deal

Tbilisi Toasts Beijing Over Trade Deal

Trade deals are hard enough to sort out in a good economic setting. But when arrangements are finalized amid a dour backdrop, cross-border investors should take note. The country of Georgia just concluded negotiations over a free-trade agreement with China, ensuring billions of dollars in export potential for the nation’s sizeable agricultural sector, among other industries. China too is celebrating. The accord essentially formalizes a staging platform for Chinese re-exports to Europe. While it will be a few months before the deal is ratified in Tbilisi and Beijing, the agreement will add further buoyancy to the Georgian economy, now looking to deliver at least 5% GDP growth in 2017. Georgia has long been lauded as business-friendly; it ranks 24th worldwide in the annual Doing Business survey by the World Bank.

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