Georgia and Serbia Discuss Free Trade Agreement

| News, Economy, Georgia

The Georgian Dream Minister of Economy and Sustainable Development Mariam Kvrivishvili visited Belgrade. During her visit, she held talks with Serbian Minister of Internal and Foreign Trade Jagoda Lazarević. According to the Georgian Ministry of Foreign Affairs, the two sides discussed priority areas of bilateral trade and economic relations as well as prospects for cooperation in various economic sectors. Particular attention was paid to the commencement of negotiations on a free trade agreement between the two countries. "Georgia is ready to take all necessary preparatory steps and advance the process in close partnership with our Serbian colleagues. Free trade negotiations will begin in the first half of 2026. We agreed that accelerating this process is a priority and will significantly contribute to strengthening bilateral trade and investment ties," Kvrivishvili emphasized. The two sides noted that the launch of direct flights between the countries this year has significantly strengthened their ties, facilitating the development of tourism and business communications. 

Minister Kvrivishvili also spoke about the Georgian government's plans to develop transport and logistics infrastructure, as well as implement major infrastructure projects. During her visit, the Georgian Minister of Economy will inspect Eagle Hills' large-scale project in Belgrade, the Belgrade Waterfront. A similar Eagle Hills project is planned for Georgia. 

The press release issued by the Ministry of Economy states that Belgrade Waterfront is a large-scale urban project, which is being implemented in partnership with the Serbian government and the company Eagle Hills Properties. The project creates a new city center and international destination, which will include hotel and shopping spaces, a pedestrian boulevard, residential buildings, schools, and kindergartens. Eagle Hills owns 68% of the business, while the Serbian government owns 32%. Relations between Tbilisi and Belgrade have strengthened amid the stagnation of Georgia's European integration, while both countries remain candidates for EU accession. Earlier, Mikheil Kavelashvili, the President of Georgia elected by members of the Georgian Dream party in parliament, paid an official visit to Belgrade.

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