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5.1.4 Gross international reserves
Gross international reserves in Georgia amounted to GEL2,553.26mn in April, down from GEL2,582.04 in March 2018. International reserves averaged GEL1,223.7mn from 2006 to 2018, reaching an all-time high of GEL 3,219mn in October 2017.
5.2 FTA
Georgia, Russia reportedly to create new trade corridors
Georgia and Russia are working on an agreement to create three trade corridors to facilitate trade between the two countries, Georgia Today has reported.
Russia remains one of Georgia’s major trading partners despite the brief war between the two countries over the breakaway Georgian region of South Ossetia that took place in 2008. Russia gives economic and military support to both South Ossetia and another separatist Georgian region, Abkhazia.
The issue of trade was discussed at a meeting between Russian Deputy
24 GEORGIA Country Report July 2018 www.intellinews.com