US Department of State Report “Investment Climate 2021” and Georgia

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On July 21, 2021, the United States Department of State released a report on the investment climate entitled “Investment Climate 2021”. The thematic context discusses the environmental conditions of Georgia, its positive and negative characteristics. The document mentions Georgia as a leader in the region in terms of ease of doing business. “According to a report by the US Department of State, the decisions made by the Georgian Economic Team contribute to the recovery of the investment environment and increase the attractiveness of all sectors where foreign investors can invest their capital”, Natia Turnava, Minister of Economy and Sustainable Development, said in her statement.

Despite the challenges, Georgia’s business and investment policy has been positively assessed. It is also said that Georgia started moving towards a stable and developing market economy after major reforms, led by large-scale economic reforms implemented in 1991.

The United States and Georgia signed a bilateral investment agreement in 1994. There is still active work to increase bilateral trade and investment, through the High Level Dialogue through the US-Georgia Strategic Partnership Commission’s Economic, Energy and Trade Groups.

The US administration is focusing on Georgia’s advantageous geographical location at the crossroads of Western Asia and Eastern Europe. That is why transit and logistics are mentioned in the document as priority areas as ways to benefit from international trade.

This context mention Baku-Tbilisi-Kars railway, which has strengthened Georgia’s transit perspective, as well as the importance of building the Anaklia deep-water port and hoping that the Anaklia port project will be implemented and finalized.

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Source: https://1tv.ge/news/

https://ge.usembassy.gov/
https://www.interpressnews.ge/ka/
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