Israel-Georgia trade turnover to reach $1 billion

Israel-Georgia trade turnover to reach $1 billion

Trade turnover between Georgia and Israel will reach $1 billion over the course of the next five years, Georgia’s Economy Minister Dimitry Kumsishvili said at the meeting with the Minister of Economy and Industry of Israel, Eli Cohen.

Developing trade and economic relations was one of the main topics of discussion at their meeting.

At the meeting Kumsishvili and Cohen agreed to deepen cooperation in various fields of economy. The ministers found several sectors interesting for future cooperation such as maritime transport, logistics, advanced technology and tourism, reported.

Trade turnover between the counties increased by 31% in 2017 compared to 2016, while export increased by 28% during the same period.