China and Georgia have finished substantive negotiations on a bilateral free trade agreement (FTA), according to the Chinese Ministry of Commerce (MOC).

The MOC and Georgia's Ministry of Economy and Sustainable Development signed a memorandum of understanding to mark the conclusion of China's first FTA substantive negotiations in Eurasia.

The FTA negotiations started in December 2015, and underwent three official negotiations and three informal consultations. The two parties have agreed zero tariff for most of the commodity trade, pledged to open many markets in the service sector, improved trade rules and identified key areas for enhanced cooperation.

The agreement covers 17 fields including commodity trade, service trade, intellectual property and emerging issues like e-commerce. 

Source : QNA