Investors Handbook. A Legal Guide to Business in Georgia
A free trade agreement implies the consent of two or more countries not to apply customs tariffs
for mutual trade.
Georgia has signed bilateral free trade agreements with Azerbaijan, Moldova, the Ukraine, Uz-
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bekistan, Kazakhstan, Turkmenistan, Russia and Armenia (only six of them are effective, while
agreements with Russia and Moldova are still pending).
Free trade agreements concluded within GUUAM (Georgia, Ukraine, Uzbekistan, Azerbaijan
and Moldova) are effective among Georgia, Azerbaijan, Uzbekistan, the Ukraine and Moldova.
Free Trade Zone within GUUAM
On 20th July 2002, the foreign ministers of GUUAM member countries signed an agreement to
create a free trade zone. Under this agreement, Georgia, Azerbaijan, the Ukraine, Moldova and
Uzbekistan assumed the obligation to cancel customs taxes and duties in multilateral trading, as
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