Deputy Ministers of Economy and Sustainable Development of Georgia Genadi Arveladze and Irakli Nadareishvili, within the framework of their working visit to South Korea, met with the Deputy Chairman of the Federation of Middle Market Enterprises of Korea (FOMEK) Hojun Lee. At the meeting, specific steps to deepen the economic cooperation between Georgia and Korea were discussed, including the importance of starting negotiations on a free trade agreement signed between the two countries' agencies in February 2024, as well as timely completion of ongoing negotiations on a bilateral investment agreement.
It was noted that the signing of the mentioned agreements would be an important push for increasing the volume of trade and investments between Georgia and Korea, deepening sectoral cooperation and strengthening partnership relations between representatives of business circles. At the meeting, the Korean side was provided with detailed information about the favorable investment environment of Georgia, as well as the opportunities and mechanisms that the Georgian government offers to companies interested in making investments in the country.
The parties agreed to continue active communication and work together to provide Korean medium-sized companies with information about specific investment projects, including by holding the meetings with companies in an online format, and also to facilitate the organization of the visit of the FOMEK member companies to Georgia. The meeting was also attended by Extraordinary and Plenipotentiary Ambassador of Georgia to the Republic of Korea, Tarash Papaskua.
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