Georgia

Герб
 Флаг
 
Coat of arms: is partially based on the medieval arms of the Georgian royal house and features Saint George, the traditional patron saint of Georgia.Gules, with an image of Saint George, riding a horse trampling upon a crawling serpent, whose head is pierced by the saint's spear, all of them Argent. It has two lions rampant as supporters of the shield, which is surmounted with the royal crown of Georgia, all of them Or. The motto below the shield reads as «Strength is in Unity» (Dzala Ertobashia, written in the Mkhedruli script of the Georgian alphabet).
Flag: is a white rectangle, with in its central portion a large red cross touching all four sides of the flag. In the four corners there are four bolnur-katskhuri crosses (also refer as Georgian Crosses aside with Grapevine cross) of the same colour (as the large cross).
 
  • Anthem: «Tavisupleba» is the national anthem of Georgia. It was adopted as the Georgian national anthem in May 2004. The music, taken from the Georgian operas Abesalom da Eteri and Daisi, by the Georgian composer Zacharia Paliashvili, was adapted to form it by Ioseb Kechakmadze. The lyrics were composed by David Magradze.
  • Official languages: Georgian.
  • Geographical location: is a country in the Caucasus region of Eurasia. It is bounded to the west by the Black Sea, to the north by Russia, to the south by Turkey and Armenia, and to the southeast by Azerbaijan. 
  • Administrative divisions: Georgia is divided into 9 regions, 1 city, and 2 autonomous republics. These in turn are subdivided into 67 districts and 12 self-governing cities.
  • Capital: Tbilisi.
  • Governance: Georgia is a representative democratic semi-presidential republic, with the President as the head of state, and Prime Minister as the head of government. The executive branch of power is made up of the President and the Cabinet of Georgia. Legislative authority is vested in the Parliament of Georgia. It is unicameral and has 150 members. Members of parliament are elected for four-year terms.
  • Population: 3.7 million.
  • Currency: Georgian lari.
  • GDP: $14.3 billion.
  • Time zone: GMT +4.
  • Telephone code: +995.
  • Barcode: 486.

Trade and economic cooperation between the Republic of Belarus and Georgia

Economic performance: 

  • GDP per capita (in current prices)— $3 864 thousand;
  • Foreign debt — more than $15 billion;
  • Inflation — 1.8%;
  • Unemployment — 12%;
  • Average monthly salary — $360;
  • Export — $2.1 billion;
  • Import — $9.9 billion.

Georgia's Most Valuable Export Products:

  • Agricultural products (wine, spirits, nuts);
  • Ferro-alloys; 
  • Copper ores and other minerals;
  • Mineral waters.

Georgia's Most Valuable Import Products:

  • Medications;
  • Oil and processed petroleum oils;
  • Cars;
  • Petroleum gases and other gaseous hydrocarbons;
  • Copper ores and concentrates; 
  • Grain and food products.

Belarus and Georgia have the free-trade area, which was set by the CIS Free-Trade Agreement signed on April 15, 1994. So there are no export and import custom duties.

Belarus has always considered Georgia as a promising trade partner in Transcaucasia. This results from the fact that the economies of both countries complement each other: Belarus has a need for Georgian wines, fruits and vegetables, which are not produced in the country due to its climatic conditions, and Georgia has a great need for Belarusian engineering products, medicaments, wood and articles thereof, mineral fertilizers and food products.

In 2016 bilateral trade was developing steadily. As of year-end 2016 trade turnover between the countries increased by 63% to $73.2 million as compared to the previous year. This was the record over the last five years. As for trade turnover, in 2016 Georgia moved up from 60th to the 46th position among 180 countries, with which Belarus trades.

Georgia moved up from 57th to the 30th position among the trade partners of Belarus, because Belarusian exports to this country increased in 2.6 times in 2016. Trade surplus is about $41.1 million.

Trade dynamics between Belarus and Georgia (in million U.S. dollars)

Year

Turnover

Export

Import

Surplus

2012

68.7

36.0

32.7

3.3

2013

61.0

21.8

39.2

-17.4

2014

62.5

23.2

39.3

-16.1

2015

44.9

22.4

22.5

-0.1

2016

73.2

57.4

15.8

41.6

Belarusian exports to Georgia are quite diversified and included 318 commodity headings in 2016, which was 91 commodity headings more than in 2015. In 2016 Belarus exported to Georgia mainly engineering products, wood and articles thereof, medicaments, food products, petrochemical products, agricultural and loading machinery as well as other HVA advanced technology products.

Belarus's most promising products to export to Georgia

HS Code

Item

0401 — 0406

Milk and dairy products

1601

Sausages and similar products of meat

2207

Ethyl alcohol

2710

Processed petroleum oils

3004

Medicaments

3104

Potassic fertilizers

3105

Mineral fertilizers

3303 — 3401

Perfumery and cosmetics

3908

Polyamides

3925

Builders' wares of plastics

4011

Tyres

4410 — 4412

Fibreboards of wood, particle boards of wood, and plywood

4418

Builders' joinery and carpentry of wood

4814

Wallpaper and similar wall coverings

5402

Synthetic filament yarn

6907 — 6908

Ceramic tiles

7308, 7610

Structures of iron or steel and parts thereof

8413

Pumps for liquids

8504

Electrical transformers

8507

Electric accumulators

8701 — 8704

Tractors and cars

9401 — 9404

Furniture and parts thereof

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in Georgia, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Georgia for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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