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Saturday, 22 October 2016


Georgia has briefed the diplomats on the details of the agreement on the WTO

2011-11-16 15:27
Georgia has briefed the diplomats on the details of the agreement on the WTO. 24526.jpeg

Today, diplomats accredited in Georgia were acquainted with the intricacies and peculiarities of talks on Russia's joining the World Trade Organization (WTO), as well as with the details of documents signed between Georgia and Russia on the WTO. As reported by "Georgia-News" referring to the Department of Press and Information, deputy of the Georgian Foreign Minister Sergi Kapanadze held the meeting with diplomats.

"At the meeting, the sides discussed a package of documents signed between Georgia and Russia and the major issues of a monitoring mechanism of customs administration and trade turnover", said the Foreign Ministry.

They reminded that on November 9, under the mediation of Switzerland, Georgia and Russia signed a package of documents regulating the establishment of a monitoring mechanism of customs administration and trade turnover at the borders of Georgia with Abkhazia and South Ossetia. Along with the agreement between Russia and Georgia, there was signed a Memorandum of Understanding which defines the role of Switzerland in the process as a third side.

Along with other obligations imposed on the country, they must select international observers, to whom the monitors will report, and provide them a mandate.

As noted in the Georgian Foreign Ministry, all three parties - Georgia, Russia and Switzerland, have exchanged documents in order to determine the operating conditions of the internationally recognized neutral private company, which will report to the Government of Switzerland.

"Conditions of the company provide a favorable environment for international monitoring. However, under the conditions, a monitor can not be a citizen of Russia or Georgia; in exercising their authority monitors will enjoy freedom of movement", said in a statement of the Foreign Ministry of Georgia.

Based on this set of agreements, Georgia and Russia have agreed to establish a mechanism for customs administration and monitoring of trade turnover. It will consist of the international monitoring and system of electronic data interchange.

The system of international monitoring provides physical presence of international observers in the process of verification of documents and records, as well as questionable products and goods within the framework of full customs formalities. Observers will also observe that all types of goods had electronic seal and GPS / GPRS-tracker.

There will also be created a common platform of electronic data interchange, which will provide access of international monitors to information connected to all kinds of customs and trade operations.

The Georgian delegation at the talks with the Russian side was headed by Sergi Kapanadze.

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