On May 27, 2013, Georgian Embassy has officially announced its embassy at Jakarta, Indonesia. H.E. Zurab Aleksidze as the Ambassador had successfully launched "meet and greet" session with Ministry of Foreign Affairs of Indonesia and friends. Georgia's embassy at Jakarta will cover the entire ASEAN which its headquarter will be located at Jakarta. Indonesia as the only ASEAN country in the G-20 Club has become a main attraction to foreign embassy to set an office here at Jakarta, Indonesia.
Despite of the political issue, we would like to provide trade and investment news from Georgia, includes list of potential products and investment opportunity in the country. Georgia with more than 4.5 million people offers lucrative business cooperation and bunches of investment opportunity.
US and UN Support
Georgia continues to demonstrate its commitment to the alliance as the largest non-NATO contributor to the international force in Afghanistan and has redoubled its effort to reform and improve its military following its lost to Russian forces in 2008. As a sign of the continues US Support for its Georgian allies, on the US Millennium Challenge Corporation recently agreed to provide the Government of Georgian USD 140 Million to fund science and technology education and workforce development.
To present, Georgia has not yet become a member of European Union as Georgia is striving to have appraisal support from EU Committee. Once they become a member of European Union, Georgia will enjoy all benefits given from the organization and eventually will boost its trade and investment opportunity as well as Free Trade Agreement (FTA) with neighborhood countries including ASEAN.
Economic Reforms
Georgia has committed to provide major downturns to reform its economy, including its economic reforms. In 2013, the World Bank ranked Georgia 9th in its 2013 Ease of Doing Business Report. To sustain and improve this track record, Georgia is overhauling its tax payment, inspection and enforcement systems to increase transparency and decrease onerous fines. The Georgian Government has also nearly completed works on amendments to the anti-monopoly law on competition and free trade.
In November 2013, Georgia will sign a memorable and comprehensive FTA as part of its EU association agreement. The EU forecasts that the DCFTA will increase Georgia's export to the EU by 12% and imports from the EU by 7.5%. Full implementation of trade-related reforms could increase Georgia's long-term GDP by 4.3%.
Source: www.invisindo.com
Balance of Trade from Two Countries
Georgia is mostly depending on its agricultural and wine products. Being the largest Muslim Country in the world does not turn Indonesia as a non-alcohol society. The rise of FDI companies mostly from Japan, China and Korea has boosted the sales of alcohol and wine products. Further information about wine business in Indonesia, click here.
Indonesia enjoys surplus from both countries with more than USD 45 million in 2012, most of Indonesia's products exported to Georgia are palm oil, coffee and paper. While, Georgia's export include scrap, aluminum and cyanides oxides. As Georgia is boosting its agricultural product, an opportunity remains for Indonesia's importer of agricultural products, include bean, nuts, mineral water and wine.
Source: Indonesia Statistics, Processed by Invisindo
Tourism Destination and Business Opportunity
Georgia offers exotic destination for tourist despite of its distance. Located at the peninsula of Eastern Europe and Caspian Sea, Georgia is best for summer and winter time. Average temperature on summer season is around 19-22 Celsius (definitely cooler than Indonesia), while winter season may enough to freeze you with 1.5-3 Celsius. Adopting Eastern Europe Countries, Georgia has cultural rich site to visit, which is more than user and environmental friendly for those who are seeking leisure time.
Direct flight is available to Tblisi's Airport, a Georgia International Airport. A flight from Amsterdam and Turkey can be accessed directly from Jakarta's International Airport. For further information about travel to Georgia and other important links are provided below:
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