Chinese Company invests 10 million USD to build Georgian Culture house – Economic Minister

As Georgia’s Minister of Economy Dimitri Kumsishvili has revealed, a Chinese Company has invested 10 million USD in order to build a Georgian Culture house in a Chinese province where at least 200,000 bottles of Georgian wine will be sold yearly.

Dimitri Kumsishvili made this statement at a Georgia-China economic cooperation seminar held in Tbilisi.

According to Kumsishvili, such events are very important. He says 42 million people live in the province, which is very developed in terms of industry.

According to him, a business group is visiting China in relation to negotiations over the trade agreement.

“We have already held two rounds of talks. The third one will be held in mid-July. It will be another impetus to deepen our trade relations with China and attract more investments,’ Kumsishvili said expressing hope such ties will result in more investments and new jobs. (IPN)