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Georgia increasingly relying on imports

By M. Alkhazashvili
(Translated by Diana Dundua)
Tuesday, May 6
Georgia incurred a trade deficit of over USD 1 billion for the first three months of 2008, according to the Statistics Department.

Analysts put the trend down to the government’s decision to decrease import taxes, together with the strengthening GEL and the economic embargo Russia imposed on Georgian products in 2006.

In 2007 Georgia’s trade turnover totaled USD 6.5 billion, with imports accounting for USD 5.2 billion.