Georgian Economy Minister Levan Davitashvili on Friday highlighted the “significantly increased” trade turnover between Georgia and Armenia over recent years, with exports from Georgia amounting to $133 million this year and expecting the “growing trend” to continue further.

In his report at the Georgia-Armenia business forum with Gnel Sanosyan, the Minister of Infrastructure and Territorial Administration of Armenia, Davitashvili emphasised the importance of close cooperation between the private sectors of the two countries for the development of trade relations, in addition to the efforts of the countries’ governments to create a favourable environment to strengthen trade ties.

The increased dynamic of high-level visits between Georgia and Armenia, contributing to the further development of relations between the countries, was also reviewed by the Economy Minister at the forum, attended by about 450 businessmen from the two countries, the Economy Ministry said.

The policy of making Georgia a regional hub and attracting investments to the country are an important priority [for the Georgian Government]. Our goal is to show the world that Georgia is a reliable, competitive and effective partner in terms of doing business. The improvement trends of foreign direct investments clearly indicate investors' confidence and positive expectations towards the business environment in Georgia”, Davitashvili said.

Earlier that day, Davitashvili and Sanosyan discussed the deepening of bilateral trade and economic relations in energy, transport, logistics, tourism, and other priority areas. 

The Georgian Minister highlighted the 4th international Silk Road Forum, which will be held in Georgia’s capital Tbilisi between October 26-27, aiming to provide a platform for high-level dialogue between the governments and business circles.