Georgian PM highlights trade, logistics cooperation potential in talks with Serbian President

Georgian Prime Minister Irakli Kobakhidze on Tuesday said discussions with Serbian President Aleksandar Vučić focused on trade, economic and sectoral cooperation, stressing that significant untapped potential exists in bilateral relations.

Speaking at a joint briefing with the Serbian President, Kobakhidze noted that the two sides also discussed the importance of developing transport and logistics links between Georgia and Serbia.

“We also discussed trade, economic and sectoral cooperation and noted that there is substantial potential in this direction that should be fully utilised. We also focused on the importance of developing transport and logistics connections. Georgia is an integral part of the Middle Corridor and we are ready to deepen our partnership with Serbia in order to fully realise the transit and trade potential between Europe and Asia”, he said.

Kobakhidze welcomed the ongoing negotiations on a free trade agreement between Georgia and Serbia, noting that the process had made significant progress.

“It should be noted that we have achieved considerable success in this process. Only a few issues remain to be agreed upon, after which both sides will be ready to sign the free trade agreement, which will be mutually beneficial for the economic development of our countries and for further deepening economic ties between them”, he said.

The PM emphasised that the agreement would create new opportunities for businesses, contribute to increased trade turnover, attract investment and elevate economic cooperation between Serbia and Georgia to a new level.

“This agreement will create new opportunities for businesses, facilitate growth in trade between our countries, attract investment on both sides and move economic relations to a new stage”, he concluded.