Georgia among the top trade reformers in the region according to UNECE study
10 May, 2018
Georgia among the top trade reformers in the region according to UNECE study
United Nations Economic Commission for Europe has recently published a research, according to which Georgia stands among the top trade reformers in the UNECE region.

As it is explained in the document, today, in Georgia it takes 30 minutes for imports to pass customs and documentary requirements are reduced to two documents only (transport document and commercial invoice or sales contract). Exports are cleared in only 10 or 15 minutes, depending whether standard or advance procedures are used. Georgia exported
goods worth $ 2.11 bn in 2016, and imported goods worth $ 7.27 bn.

According to the research, traders can obtain the customs declaration, necessary permits and the EUR 1 movement certificate online via the eCustoms interface and the Single Permit System; long wait times at border crossing points are avoided thanks to the electronic queuing system. At the border, control is undertaken by two agencies only (the Revenue Service and the Patrol Police), and traders have a choice of 6 Customs Clearance Zones, 4 clearance divisions, and 20 land, air and maritime Customs Crossing Points to clear their goods. The Customs Clearance Zones operate throughout the week 24 hours a day, with staff available to provide traders with the initial review of documents and assistance in the preparation and submission of the customs declaration.
In Georgia it takes 30 minutes for imports to pass customs

Moreover, Georgia has a relatively advanced system of standardization, technical regulations, conformity assessment and metrology. The Georgian Accreditation Centre, a Legal Entity of Public Law is a signatory to the European Cooperation for Accreditation Multilateral Recognition Arrangement, and will be joining the International Laboratory Accreditation Cooperation mutual recognition agreement in 2018.

Additionally, the 65 traders from across the country representing leading sectors, expressed their appreciation of the procedures’ high level of transparency in interviews. Traders are kept abreast of trade-related regulatory and procedural requirements through online information dissemination systems and public-private consultations managed by the different line Ministries.
Georgia has a relatively advanced system of standardization, technical regulations, conformity assessment and metrology

Reaping further benefits will require strengthening state agencies with technical skills and expertise, particularly for completing the approximation to the European Union Acquis Communautaire; consolidating the existing paperless trading systems; and, improving the country’s transport infrastructure.

“The Government has consistently followed a liberal trade regime, which is geared towards achieving the twin objective of creating efficiency gains for the business community and integrating the economy into regional and global value chains, and the UNECE study contributes to achieving this objective”, said Mr. Genadi Arveladze, Deputy Minister of Economy and Sustainable Development.
The Government has consistently followed a liberal trade regime, said Deputy Minister of Economy and Sustainable Development

UNECE Executive Secretary Olga Algayerova declared: “This study is an important step in deepening UNECE’s engagement with countries with economies in transition to implement trade reforms and regional integration efforts. Georgia is to be congratulated for their efforts and UNECE will work closely with the government, its development partners and donor agencies to support the successful implementation of the agreed upon recommendations”.
UNECE Executive Secretary Olga Algayerova

UNECE studies on regulatory and procedural barriers to trade are conducted upon the request of member States, to support economic diversification and pro-poor growth in the region. The studies are based on a comprehensive evaluation methodology geared to assist countries in establishing the required institutional and legislative framework for ensuring successful integration into regional and global supply chains. They promote information exchange among countries on policies and experiences as well as greater accountability and transparency. Finally, they inform donors as to where assistance might be required.

The study of Georgia was conducted over the period October 2017-January 2018.

Studies have been carried out for the Republic of Albania, Belarus, the Republic of Kazakhstan, Kyrgyzstan, the Republic of Moldova and the Republic of Tajikistan.

Related stories:

Minister of Economy says most direct foreign investments was made in Georgia in 2017

IMF names Georgia’s tax reform as one of the most effective in the world

Georgia to increase its exports to Turkey
Other Stories
The World Digital Mining Summit to be held in Georgia
The summit is scheduled to take place between 21st-23rd September in the Hualing Hotel, Tbilisi, Georgia.
Galt and Taggart - Tourism Boom Continues in Georgia
Tourism has become one of the key drivers for the Georgian economy. Galt and Taggart has recently published research about the Georgian tourism sector in the first half of 2018.
"The worst dream for Putin is that Russians want to live in Georgia"
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi.
Underground gas storage facility to be built in Georgia
KfW, a German government-owned development bank signed a EUR 150 million promotional loan with the state-owned Georgian Oil and Gas Corporation (GOGC) for the construction of the first underground gas storage facility in Georgia.
New gambling rules for Georgia
Georgian lawmakers are preparing a new draft law relating to online-casinos and gambling that will seek to curb gambling addiction in Georgia.
How expensive is it to visit Georgia?
The Georgian Lari (GEL) is the official currency of Georgia and is the only legal means of payment in the entire territory of Georgia.
Trade with the EU and the Commonwealth of Independent States (CIS) has grown significantly
Trade with the EU and the CIS has grown by 26% and 33.5 % respectively, says GeoStat, the Georgian National Statistics Office.
The unemployment rate decreases in Georgia
The unemployment rate decreased in Georgia by 1,9% and amounted to 12.1% in the 2nd quarter of 2018 compared with the previous quarter,
Memorandum of Understanding to be signed between Georgia and Malaysia
According to the Georgian Ambassador to Malaysia Nikoloz Apkhazava, Georgia plans to sign a Memorandum of Understanding (MoU) with Malaysia.
“Blauenstein Georgia” due to expand in Georgia
“Blauenstein Georgia” is planning to open more shops in Georgia. It is an agriculture company that sells meat products, meat and convenience food.
The amount of Direct Foreign Investment rises in Georgia
According to the information of the National Statistics Office of Georgia, the amount of direct foreign investment in Georgia has risen
It’s going to get  harder for foreigners to get residence permit in Georgia
It’s going to get harder for foreigners to get permit of residence in Georgia.
Mziuri Park in Tbilisi to be renovated soon
It was the dream of prominent Georgian writer Nodar Dumbadze that when the original Mziuri park was constructed and opened in 1892 that it should be a park for children,
Winemakers to produce Kvanchkara in its place of origin - Racha
Khvanchakara is a semi-sweet Georgian red wine which originates from Racha, in the western part of Georgia. Kvanchkara is made of two types of grape Mujuretuli and Aleksandrouli.
The level of Georgian wine and Chacha exported has increased
The National Wine Agency of Georgia has recently published statistical information about the level of Georgian wine and Chacha exported between January and July, 2018.
New fire engines to be Manufactured in Georgia
The Acting Head of the Emergency Management Agency Shalva Khutsishvili said that the old Zili fire engines (which were made in the USSR) will be phased out and replaced with new ones, manufactured in Georgia.
Georgia witnesses a record number of tourists
The Georgian National Tourism Administration publishes statistical information about international visits to Georgia.
Canadian businessman plans to build a hotel in Bakhmaro
Canadian businessman Vadim Malishev plans to build a hotel in Bakhmaro resort, Guria, in the western part of Georgia.
Coffee Factory will open in Tbilisi in October
The first coffee factory (which will be located on the Kakheti highway) in Tbilisi will open in October.
Places in Georgia where real estate is the most expensive
The real estate market in Georgia is growing annually. In Tbilisi as well as other regions of Georgia new developments are increasingly taking place.
How much does a vacation cost in Tbilisi?
It is the middle of summer and those who have not yet taken a vacation are looking for an appropriate place for sure!
The price for extreme sports in Georgia
Georgia offers a variety of options to extreme sport lovers.
The number of Georgians who own property abroad increases
The number of foreign properties owned by Georgians is increasing.
How much does Taxi cost in Tbilisi?
Stories how Taxi drivers try to deceive passengers and charge them with more money than they should pay are known for everybody all over the world.
What are the highest paid areas in Georgia
According to the data collected by the National Statistics Office of Georgia in the first quarter of 2018 the highest paid jobs in Georgia are found in the financial and insurance fields.
Exchange Rates
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange