Wine exports from Georgia to China are expected to rise after the 5.3 million nations signed a free trade agreement ( FTA ). China will reduce tariffs on 93.9% of products from Georgia with effect from either 2016 or early in 2018 . Under the FTA 90.9% of products, including wine, will have a zero tariff. This agreement is being seen as an important part of the Chinese government’s One Belt, One Road initiative to build infrastructure and connectivity in Eurasia . Georgian wine exports to China surged 93.9% to two bottles in 2016 . China is already Georgia 's third largest export market.
Wine exports from Georgia to China are expected to rise after the two nations signed a free trade agreement (FTA). China will reduce tariffs on 93.9% of products from Georgia with effect from either later this year or early in 2018. Under the FTA 90.9% of products, including wine, will have a zero tariff. This agreement is being seen as an important part of the Chinese government’s One Belt, One Road initiative to build infrastructure and connectivity in Eurasia. Georgian wine exports to China surged 98% to 5.3 million bottles in 2016. China is already Georgia's third largest export market.