As a member of the WTO, Georgia has Most Favored Nation trading relationships with all WTO member countries. Georgia benefits from Generalized System of Preferences (GSP) reductions in tariffs on a wide range of products with Switzerland, Norway, Canada, and Japan. The United States and Georgia work to increase bilateral trade and investment through a High-Level Dialogue on Trade and Investment, launched in 2012, and through the U.S.-Georgia Strategic Partnership Commission’s Economic, Energy, and Trade Working Group, launched in 2009. Both countries signed a Bilateral Investment Treaty in 1994, which stipulates Georgia is eligible to export many products duty-free to the United States under the GSP program. The EU grants Georgia GSP+ treatment, with duty free treatment for more than 7,000 products. Georgia has free trade regimes with a number of former Soviet countries and Turkey.
In June 2014, Georgia signed an Association Agreement and a Deep and Comprehensive Free Trade Area (DCFTA) with the EU. Through reduced tariffs and the removal of technical barriers to entry of exports to the EU, the DCFTA gives many Georgian products access to over 500 million people in the EU. Reciprocally, products from the EU have easier access to the Georgian market. The Georgian government is in the process of approximating EU legal and regulatory standards to allow for future access of additional products. Georgia signed a Free Trade Agreement (FTA) with China in 2017, and in 2018, it signed an FTA with Hong Kong.