Georgia- Business Opportunities
The Counsellor of Embassy of Georgia, Mr. Satinder S. Ahuja accepted the Honorary Membership of Global India Business forum, in the presence of Global President Dr. Jitendra Joshi and Global Coordinator Deepali Gadkari. Realizing the strengths of Global India Business Forum and the Consulate of Georgia and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
Georgia is a transcontinental country in the Caucasus region of Eurasia. The country is located at the crossroads of Western Asia and Eastern Europe and shares its borders with countries like Russia, Azerbaijan, Armenia and Turkey. The capital and the largest city of Georgia is Tbilisi. The country has a land area of 69,700 sq. km. and has a population of 39,89,167. Georgia is a unitary parliamentary republic wherein Christianity is the largest community residing in Georgia. The official language of Georgia is Georgian, followed by Abkhazian. Georgian is the most spoken language in the country. Georgia is a developing country and holds the 61st rank on the Human Development Index (HDI). It is a member of the United Nations, the Council of Europe, the GUAM Organisation for Democracy and Economic Development, the WTO, the Organisation for Security and Cooperation in Europe, etc. It maintains good relations with its neighbouring countries Turkey, Azerbaijan and Armenia and also maintains political and economic relations with countries like France, Germany, Israel, Japan, South Korea, Sri Lanka, Turkey, Ukraine, the USA, etc. Georgia is currently working on becoming a full-time member of the NATO. Salome Zourabichvili is the current President of Georgia and is the first woman to be elected as Georgia’s President.
Business Opportunities in Georgia
Thanks to its scenic beauty and breathtaking locations, Georgia thrives on tourism. It is through tourism that the country derives most of its income. Hence, Georgia can create a lot of business opportunities for countries who want to become tourism partners or want to invest in the Georgian tourism sector. Georgia also exports a lot of metals, motor cars, nuts, etc. which can act as attractive business opportunities for countries interested in these products. Also, the country imports refined petroleum, cars, petroleum gas, tobacco, etc. and these products can also create business opportunities for Georgia and other countries as well.
Exports and Imports in Georgia
The exports of Georgia decreased from $312.60 million in October 2020 to $301.10 million in the month of November 2020. On the other hand, the imports of the country increased from $709.10 million in the month of October 2020 to $719.20 million in the month of November 2020.
Top Exports of Georgia
The top exports of the country are metals, motor cars, nuts, fertilizers, wine and mineral water. The main export partners of Georgia are Turkey, Azerbaijan, Canada, Armenia, Ukraine, Bulgaria and the USA.
Top Imports of Georgia
The top imports of Georgia are oil, motor cars, pharmaceutical products, wheat and meslin, sugar and electrical equipment. The main import partners of the country are Turkey, Ukraine, Azerbaijan, Germany, Russia, the USA and China.