The delegation of the Republic of Armenia, led by the Minister of Finance Tigran Khachatryan and the Chairman of the State Revenue Committee Rustam Badasian, visited Georgia.

The purpose of the visit was to deepen mutual cooperation, to share experience in the field of public finance management, accounting, reporting and audit supervision, as well as in tax and customs directions, and as a result, to increase the efficiency of the respective services of both countries.

The members of the delegation met with the Minister of Finance of Georgia, Lasha Khutsishvili and the head of the revenue service of the Ministry of Finance, Levan Kakawa.

The extended meeting was attended by the deputies of the Minister of Finance and the Head of the Revenue Service, and the heads of various departments from the Georgian side.

The parties reviewed issues of cooperation between the two countries. The guests got acquainted with macroeconomic policy issues in the direction of budget transparency, as well as reforms implemented by Georgia in recent years in the tax and customs sphere.

Within the framework of the visit, the Head of the Revenue Service of the Ministry of Finance of Georgia, Levan Kakava, and the Chairman of the State Revenue Committee of the Republic of Armenia, Rustam Badasyan, signed the protocol “On the full implementation of the preliminary electronic system of data exchange”. 

The mentioned law allows the parties the opportunity to provide advance information exchange on cargo and vehicles moving between the borders of the two countries. Implementation of the protocol will facilitate effective cooperation between customs administrations, enforcement of security requirements and legal trade.

Electronic exchange of information in operative mode will significantly simplify customs formalities and increase the efficiency of control measures, both at customs checkpoints and in economic zones of clearance.