Will free trade with the UAE help boost Georgian exports?
Fruits
Vegetables
United Arab Emirates
Georgia
Published Jan 6, 2022
Tridge summary
Georgia intends to start negotiations with the United Arab Emirates (UAE) to conclude a free trade agreement. EastFruit analysts figured out how to maximize the benefits of Georgian producers of berries, nuts, fruits and vegetables from the new opportunities that will open for them thanks to the cancellation of tariffs. The UAE is a shopping center in the Middle East and a very attractive market that is growing, striving for diversification and thanks to a GDP per capita of $ 43,000 (2019).
Original content
Georgia intends to start negotiations with the United Arab Emirates (UAE) to conclude a free trade agreement. EastFruit analysts figured out how to maximize the benefits of Georgian producers of berries, nuts, fruits and vegetables from the new opportunities that will open for them thanks to the cancellation of tariffs. The UAE is a shopping center in the Middle East and a very attractive market that is growing, striving for diversification and, thanks to a GDP per capita of $ 43,000 (2019), has a very high purchasing power. Imports of fruits, nuts and vegetables (groups 07 and 08 of the TN VED) have been growing over the past two decades, and in total reached about $ 3 billion per year, excluding 2020, when there was a slight decline due to the pandemic. In the UAE, imports of agricultural products are taxed on average 6% for WTO members, which is Georgia. Despite this low tariff and high demand for imported products, Georgia did not export very much to the UAE. Over the past 8 ...
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