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R o a d
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DIMITRY KUMSISHVILI
Minister of Economy and Sustainable
Development of Georgia
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raise awareness and inform the investment community about the scale
and range of potential cooperation
across the region;
Georgia is a crossroad between Europe and Asia, serving as the shortest transit route connecting the two
continents and rapidly becoming a
key regional trading and logistics hub.
Georgia is the perfect place sitting
on the border between Europe and
Asia where various Silk Road initiatives can intersect. Taking advantage
of our strategic location, we will play
superior role in regional trade, development, and economic cooperation.
On October 15-16, Georgia will host
the Tbilisi Silk Road Forum. The
Forum was launched by the Prime
Minister of Georgia and is supported
by the Government of the Peoples
Republic of China and the Asian
Development Bank.
This novel event aims to establish a
platform for annual high-level meetings for political and business leaders,
as well as international organisations,
to explore new opportunities and
enhance partnerships across four
strategic areas: transportation, energy,
trade, and business.
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Substiution effect has 48% contribution in the growth of Chinese import, while 52% is Demand effect.
The cheaper import from China will
replace Turkeys import. In 2014,
Turkey was the largest trading partner in terms of import (20.1% of
the total import), followed by China
(8.6% of the total import).
In 2014, the largest imported commodity groups from China to Georgia are: automatic data-processing
machines (6%), structures of iron or
steel (4%), telephone sets (3%), flatrolled products of iron or non-alloy
steel (3%) and refrigerators, freezers
(3%).
Source: GeoStat
Source: GeoStat
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