Eu Georgia Free Trade Agreement Text

Chapter 5 closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply. Separate annexes to financial services (Annex X), telecommunications services (Annex XI), maritime services (Annex XII) and energy-related services (Annex XIII) complete the chapter with additional disciplines specific to these sectors. Lists of contracting parties with specific obligations and derogations from the treatment of the Most Favoured Nation (MPF) are listed in Appendix VIII and IX respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. The agreement introduces a preferential trading system – the Deep and Comprehensive Free Trade Area (ACFTA). This regime improves market access between the EU and Georgia on the basis of better coordination of the rules. The CCFTA has been applied on an interim basis since September 1, 2014. The aim of the CCFTA is to establish closer political and economic ties with the EU. On this basis, the DCFTA contains several provisions relating to the reform of Georgia`s trade and trade policy, in accordance with and on the basis of the EU`s acquis. These include the modernisation of the economy, the anchoring of EU investment in the country and a better and more predictable political environment. The free trade agreement covers trade in goods, trade in services, settlement, protection of intellectual property rights, public procurement, competition, trade and sustainable development.

In the area of merchandise trade, the contracting parties lift all tariffs on industrial products as soon as the agreement enters into force. EFTA-Georgia trade statistics see EFTA trade statistics tool The EU and Georgia meet regularly to discuss issues and best practices in implementing the agreement. Committees meet regularly. The Deep and Comprehensive Free Trade Areas (ACFTA) are three free trade zones established between the European Union and Georgia, Moldova and Ukraine. The CCFTA is part of each country`s EU Association Agreement. They allow Georgia, Moldova and Ukraine to access the European single market in certain sectors and to give European investors in these sectors the same regulatory environment in the associated country as in the EU. [1] The agreements with the Republic of Moldova and Georgia were ratified and officially entered into force in July 2016, although some of them have already been provisionally implemented. The agreement with Ukraine has been implemented on an interim basis since 1 January 2016 and officially entered into force on 1 September 2017. Georgian entrepreneurs will be able to set up a business or branch of a company in a relevant European country and attract qualified staff to the European Union for a limited time; Service providers – as part of the agreement – can provide their services throughout the European Union. The implementation of the CCFTA will also bring great benefits to the regulatory environment.

with regard to the production and trade of industrial products, new regulatory standards will improve the safety and quality of products available on the market.