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Georgian business optimistic of entry into EU market

Friday, July 4
After signing the Deep and Comprehensive Free Trade Agreement with EU (DCFTA) Georgia is waiting for another challenge. Will Georgian production meet the demands of EU countriesí markets? Georgian entrepreneurs are more optimistic than Georgian analysts. They believe that the country will intensify its strive in this regard and there will be more investments in the country through the agreement. More than 50% of Georgian companies claim that they satisfy EU market demands. Others consider that certain changes and new standardsí implementation is required. Georgian-EU Business Council representative, Zviad Tchumburidze believes that only 20% of Georgian products are ready to enter the EU market. According to him, the country needs two years and more to enter the market.