Ukraine and Georgia Seek Smoother Trade with EU
A free trade agreement between Ukraine and Georgia has been in place since 1996
Ukraine and Georgia are planning amendments to their free trade agreement that are meant to make trade with the European Union easier.
The amendments make the ‘origin of traded goods’ rules the same between the two countries, applying clauses of a regional set of rules, the Pan-Euro-Mediterranean Convention (PEM Convention), Ukrinform reported.
“On May 21, First Deputy Prime Minister Stepan Kubiv and Minister of Economy of Georgia Natela Turnava signed the protocol amending the free trade agreement between the government of Ukraine and the government of the Republic of Georgia,” the Ministry of Economic Development and Trade wrote.
Changes to the free trade agreement will come into force once ratified by the parliaments of both countries.