UK, Georgia Sign Trade Continuity Agreement
The United Kingdom and Georgia signed a continuity agreement to continue trading under current terms after Britain leaves the European Union, the U.K.'s Department for International Trade said in an Oct. 21 press release. The deal copies the “comprehensive market access for trade” under the two sides’ EU agreement, the U.K. said. “Trading under the terms outlined in the agreement, rather than on World Trade Organization terms, will ensure British businesses and consumers benefit from continued preferential access to Georgia after the UK leaves the European Union,” the press release said.
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The deal gives British exporters “certainty,” U.K. Foreign Secretary Dominic Raab said in a statement, and shows that the U.K. is committed to improving trade with Georgia, International Trade Secretary Liz Truss said. "This agreement will ensure minimal disruption for businesses and consumers in both our countries as we prepare to leave the EU and usher in a new phase of cooperation between our two nations,” Truss said in a statement.