On 21 October 2019, British Foreign Minister Dominic Raab and Georgian Foreign Minister David Zalkaliani signed a strategic partnership and cooperation agreement to strengthen relations between countries following the UK`s withdrawal from the European Union. The UK is one of the top ten investors in Georgia, while two of the country`s largest banks – TBC Bank and Bank of Georgia – are included in the FTSE 250 stock index. Statistically, trade between the UK and Georgia was $95 million in 2018. The agreement was therefore a necessary step to ensure minimal disruption for businesses and consumers in both countries, when the EU and Georgia agreement will no longer apply to the UK, either after an implementation phase or after a Brexit without a deal. If you expect the goods to be in transit when the EU-Georgia agreement no longer applies to the UK, you can obtain a retrospective certificate of origin. This shows that the products are from the UK and are eligible for preferential terms when your products arrive, or within 12 months of the UK-Georgia agreement coming into force. The EU and Georgia meet regularly to discuss issues and best practices in implementing the agreement. Committees meet regularly. Foreign Minister Dominic Raab and Georgian Foreign Minister David Zalkaliani sign the agreement on trade continuity and strategic cooperation.

You can use online tools that trade with the UK and check how you can export goods to check product and country-specific information on tariffs and current rules for trading goods in the UK. These tools are regularly updated to reflect changes. Not only does the new agreement establish comprehensive free trade agreements, but it also sets out how our countries will work together in the future. It underlines the UNITED Kingdom`s support for Georgia`s sovereignty and territorial integrity, as well as the commitment of both countries to strengthening fundamental freedoms and human rights and deepening our security relations. The tariff quota for the agreement was specifically designed for the United Kingdom. The Minister of Foreign Affairs signed the agreement with Georgian Foreign Minister David Zalkaliani in London. “This project is reviving an agreement that currently exists almost only on paper. We were concerned that the trade would not be actively managed by both parties,” project promoter Bachi Gabunia told GEORGIA TODAY.

“Given that Brexit will come into force at the beginning of the new year, the reality is that the UK has not signed trade agreements with many EU countries. This could work in Georgia`s favour: we can replace products that could become defective in the UK market after the country leaves the EU. The UK-Georgia Trade Hub offers different consumer packages (depending on the space they need to rent, transfer fees, administrative and on-site storage services), based on the interests and objectives of entrepreneurs. The Hub is interested in making trade as simple and affordable as possible for Georgian and British entrepreneurs, so that production is consolidated when it is transferred, thereby reducing transport costs.