BANK OF GEORGIA Financial Performance and Strategy
Trade structure
WTO member since Import structure by country, 2009
2000
No quantitative
restrictions on trade
Simplified customs
regime since August
2006, new customs
code becomes
Kazakhstan, 0.5%
Armenia, 0.9%-
Turkmenistan,
2.8%
Others, 12.4%
USA, 5.2%
United Arab
EU Countries, 29.9%
effective in January Emirates, 2.5%
2007
Export structure by country, 2009
China, 0.5%
United Arab Emirates,
1.5%
Kazakhstan, 1.8%-
Russia, 1.9%-
USA, 3.3%-
Armenia, 7.8%
Other, 10.0%
Turkey, 19.9%
One of the two
China, 4.0%
beneficiaries of the
EU GSP+ Scheme in
the CIS since 2006,
granting local
companies the right to
export 7,200
categories of goods
duty-free
As of November 2007
Georgia has entered
into a free trade
agreement with
Turkey
US-Georgia charter on
strategic partnership
envisions an update of
Bilateral Investment
Treaty, expansion of
Georgian access to the
General System of
Preferences and the
possibility of entry
into Free Trade
Agreement
Russia, 6.6%
Ukraine, 9.6%
Azerbaijan,
12.1%
Turkey, 18.0%
Import structure by product, 2009
Others, 36.5%
Sugar, 1.4%-
Paper, 2.0%-
Mechanical Equipment
& Electrical Machinery,
20.1%
& Electrical Machinery,
17.5%
Ukraine, 7.4%
Canada,
10.4%
Azerbaijan,
16.3%
Export structure by product, 2009
Sugar, 0.1%-
Mechanical Equipment
Vessels & Aircraft, 2.0%-
Pharmaceuticals,
1.3%
Vehicles, 7.8%
-Ferrous Metals, 1.9%
Apparel & footwear,
3.2%
Ferrous Metal
Products, 2.2%
Plastic, 3.0%
Cereals, 4.0%
Pharmaceuticals, 4.4%
Oil & Gas, 3.9%-
Equipment & Rail Cars,
4.0%
Others, 28.3%
Fertilizers, 5.3%-
Cement, 2.1%
EU Countries, 20.9%
Ferrous Metals, 17.4%
Vehicles, 7.4%
Beverages, Spirits &
Vinegar, 10.9%
Ores, 5.9%
Gems & Precious Stones,
10.4%
Source: National Statistics Office of Georgia
www.bog.ge/ir
LOORIN
BANK OF GEORGIA
Page 17
April 2010
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