Georgia sees fast growth in foreign trade, FDI in 2022

Tbilisi [Georgia], July 1: Georgian Prime Minister IrakliGaribashvili on Friday hailed the "growing trend" in the country's foreign trade and "record increase" in exports and foreign direct investment (FDI) in 2022.
Georgia's exports increased 31 percent to 5.6 billion U.S. dollars last year, with trade turnover increasing 33 percent and reaching a record high of 19.2 billion U.S. dollars, he said in his remarks presenting the annual report on the work of the government at the parliament.
He attributed the fast growth of trade to the free trade agreements Georgia had inked with 45 countries and the independent customs territory of Hong Kong.
FDI in the country also hit a "record high" of 2 billion U.S. dollars in 2022, according to the prime minister.
He also underlined that the development of Georgia's economy is based on innovation, new technology and information.
Source: Xinhua