Delegation of Guangzhou, China visits Partnership Fund

The Chinese delegation, which is paying a business visit to Georgia, held a meeting with the representatives of the Partnership Fund.

According to the information shared by the fund, the members of the delegation include the government representatives of the Guangdong Provincial city – Guangzhou, as well as members of the customs house and heads of the financial bureau.

Guangzhou, also known as Canton, is the capital and most populous city of the province of Guangdong in southern China. With over 30 years of reform and opening up, Guangzhou relies on openness to promote development and innovation and has become an important transport hub, logistics center, and trade center in South China. As a core area for attracting international capital, Guangzhou has been transforming from Millennial Commerce Capital to Modern Commerce Capital.

At the meeting, the Partnership Fund’s management discussed further cooperation with the Chinese delegation and potential investment projects.

The sides discussed the development of Georgia-China export/import and emphasized the importance of Georgia as a corridor connecting Asia with Europe. At the meeting, the Head of the Fund highlighted the issues related to the opening of the Georgian Trade House to facilitate the growth of export from Georgia to Guangzhou.

“We are actively working with our partners, but serious steps have to be taken in the direction of joint business projects in China,” said Davit Saganelidze, “Partnership Fund” executive director and chairman of the Georgia-China intergovernmental commission at the meeting with the delegation.

The sides signed a memorandum on future cooperation between the parties. Signatories were the head of the Partnership Fund and the Secretary-General of the Exhibition Committee of the Government of Guangzhou Tunguan Zone, China.

“We are on the order of the Guangzhou government in Georgia because we believe that Georgia's investment potential is promising. We consider that your country is the key to the European market and we appreciate this fact. The Partnership Fund will be an important partner for joint projects, so we are preparing a specific investment proposal.”-said the Secretary-General of the Exhibition Committee.

By organizing of Partnership Fund, the Head of Delegation invited Georgian entrepreneurs to the International Exhibition of April 16-19, 2020.

Partnership Fund is a state investment fund that was established in 2011. The fund is assigned the “BB” rating of international rating agency Fitch, which is equal to the credit rating of Georgia. The Partnership Fund was established on the basis of consolidation of large state-owned enterprises in the field of transport, energy, and infrastructure. The main goal of the fund is encouraging investments in Georgia by collaborating in the development of investment projects on the initial stage.