Deputy Minister of Economy and Sustainable Development, Genadi Arveladze, took part in the second session of the Georgia-China Free Trade Agreement (FTA) Joint Commission, held in Beijing. The gathering also marked the first round of consultations aimed at updating the existing trade agreement.

During the meeting, Arveladze expressed gratitude to China for its consistent support of Georgia's sovereignty and territorial integrity within its internationally recognized borders.

"Georgia is committed to deepening cooperation with China across multiple sectors, particularly in trade. The Free Trade Agreement has been instrumental in boosting commerce, enhancing business ties, and opening up new opportunities," Arveladze said.

He noted a substantial rise in bilateral trade, reporting that trade turnover between the two nations reached $1.916 billion in 2024—an increase of 17% over 2023. China remains a key economic partner for Georgia, ranking as its fourth-largest trading partner and accounting for 8.1% of Georgia’s total trade volume.

Arveladze also underscored the importance of revising the agreement to lower trade barriers and introduce more adaptable cooperation frameworks.

Both parties expressed hope that negotiations on expanding and updating the Free Trade Agreement will conclude by the end of 2025.

The Georgia-China Free Trade Agreement, which came into effect in 2018, aims to foster closer trade and investment ties between the two countries.