Page 33 - GEORptJul22

5.3 FTAs
Baku and Tbilisi intend to bring trade turnover to $1bn in 2022
Georgian PM Gharibashvili and Saudi economy minister discuss deepening
Baku and Tbilisi are preparing to sign 19 documents aimed at the expansion of bilateral cooperation, according to the head of the Ministry of Foreign Affairs of Azerbaijan Jeyhun Bayramov.
“Since 2019, the two foreign ministries have held 21 official meetings. At the moment, Baku and Tbilisi are preparing to sign 19 documents," Bayramov said at a briefing on the outcome of the talks in Baku with his Georgian counterpart Ilia Darchiashvili. Bayramov added that "Georgia plays an important role in the issue of regional cooperation" and expressed hope that the visit of Darchiashvili will give a positive result in the development of regional and bilateral relations.
"Baku supports the territorial integrity of Georgia, we observe similar support from the side of Georgia," he said. Bayramov, drawing on bilateral economic cooperation, concluded that in 2021 the mutual trade turnover amounted to $800mn, in the first quarter of 2022, $260mn. "The parties intend to increase the trade turnover to $1bn this year," - he concluded.
Georgian Prime Minister Irakli Gharibashvili and Saudi Economy Minister Faisal bin Fadel al-Ibrahim have discussed deepening economic links between the two countries.
The importance of “fruitful cooperation” between agencies of Georgia and Saudi Arabia, and the prospects for deepening connections in the field of the
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