Tuesday, January 1, 2013

Tbilisi hosted a conference on Georgian wine export to Russia

01.01.2013 (Hvino News). A conference was held yesterday at Tbilisi Marriott hotel bringing together representatives of Georgian companies to discuss Georgia's export to Russian market. Center for Georgian-Russian Economic Cooperation  organized of the conference.

Giorgi Seturidze, Chair of Center for Georgian-Russian Economic Cooperation  said at the meeting that the technical procedures are almost finished and interstate an agreement is needed to finish the process and export products to the Russian market.

“We have been working for two years to get Georgian wine and mineral water back to the Russian market,” he said, adding that much work has been done in these years. “We have approached a new level, where state structures need to get involved – it takes political will and an interstate agreement.” He said the Russian market will profit from getting Georgian brands back, as they are historically famous there and it is not necessary to spend much money on advertising as it is in other countries.

Currently, Georgia exports wine to about 50 countries. Before the embargo was enforced in 2006, about 75 percent of Georgia’s wine export went to Russia. According to official statistics, Georgia exported wine worth USD 80 million in 2005; in 2007, wine export figure was reduced to USD 29 million – 2.4 percent of all the export. But the wine export has increased over the years, and in 2001 amounted to USD 54 million (2.5 percent of total export), according to the Georgian Statistics Department, GeoStat. Currently, the number one importer of Georgian wine is Ukraine, which brings in wine worth USD 22.5 million per year.

Twenty Georgian wine companies are preparing to export their products to Russia now.

© Hvino News, source

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