The EU will discuss free trade with Georgia in early 2012
In early 2012, the European Union intends to hold the first round of negotiations to establish a deep and comprehensive free trade area with Georgia and Moldova. This was reported by "Georgia News", quoting a message by RIA Novosti.
"The talks will cover a wide range of issues in trade and economy to achieve greater economic integration with the EU", said in a press release of the European Commission. They explained that the main purpose of creating such a area is to enhance economic growth and investment with the Eastern partners in Europe.
"The Free Trade Area will help Georgia and Moldova to become more competitive and take advantage of the Single European Market", the press service of the European Commission quoted the speech by European Commissioner Karel De Gucht.
"Moldova and Georgia have made significant progress in implementing the necessary reforms to comply with certain conditions to be able to move along the path of gradual economic integration with the EU internal market", said, in turn, the European Commissioner Stefan Fule.
"Both countries should continue to work on the stability, transparency and predictability of their legislative regimes. It is necessary to increase the flow of foreign direct investment", said in the press service of the European Commission.