China, Georgia ink free trade agreement

Updated 2017-05-14 11:31:16 Xinhua

China and Georgia inked free trade agreement on Saturday to expand bilateral trade.

The two countries agreed to expand cooperation in goods trade, service trade, trade remedy and other fields, according to the agreement, which will take effect at the end of 2017 or early 2018.

Once the agreement takes effect, Georgia will impose no tariff on 96.5 percent of products from China immediately, while 90.9 percent of China's imports from Georgia will be free from tariff immediately and another 3 percent will be exempted from tariff within five years.

Georgia agreed to open further in service trade covering financial, transport and other sectors, while China will further open its tourism and ocean shipping markets to Georgia.

The two countries initiated the FTA negotiation in December 2015 and ended it substantively in October 2016. It is the first FTA that China accomplished in Eurasia.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 19 2017 07:40:35

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 19 2017 07:40:35

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 19 2017 07:40:35

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords