GEORGIA

Since 2014, Georgia is part of the European Union’s Free Trade Area, with the EU continuing to be the country’s largest trading partner, accounting for over a quarter of Georgia’s total trade turnover. Following the EU trade pact, 2015 was marked by further increase in bilateral trade, whereas trade with the Russian-led Commonwealth of Independent States (CIS) decreased by 22%.

As of 2015, in the order of magnitude, Georgia’s main exports were: copper ores and concentrates, ferroalloys, hazelnut, medicaments, nitrogen fertilizers, wine, crude oil, mineral waters, non-denatured ethyl alcohol and spirits.

In 2015, Georgia’s main imports, in the order of magnitude, were: oil products, vehicles, hydrocarbons, copper ores and concentrates, mobile phones and other wireless phones, wheat, cigarettes, iron tubes and pipes, structures and parts of structures of iron.

Currently, about 55% of the total labor force is employed in agriculture, though much of this is subsistence farming.

Domestic grain production is increasing, and government invests in improvement of infrastructure improvements to ensure appropriate distribution and revenues to farmers.

Approximately 7% of the Georgian GDP (2011) is generated by the agrarian sector.

Viticulture and winemaking are the most important fields of Georgia’s agriculture. Over 450 species of local vine are bred in Georgia, and the country is considered as one of the oldest places of producing top-quality wines in the world.

 

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