As part of the meetings held in Shanghai, Natia Turnava, President of the National Bank of Georgia (NBG), met with the Governor of the People’s Bank of China, Mr. Pan Gongsheng.

According to the NBG, the parties discussed existing economic and financial cooperation between Georgia and China, ongoing collaboration in the direction of financial markets and services, and opportunities for deepening future partnerships.

The National Bank of Georgia and the People’s Bank of China highlighted the progress achieved under the Memorandum of Understanding (MoU) signed last year.

“Since the signing of the MoU between the People’s Bank of China and the NBG, we see significant progress in cooperation in many directions. The steps taken towards the development of financial markets and financial services between the two countries, Including, in the direction of diversification of international reserves are particularly noteworthy,” added Natia Turnava.

During the meeting, they also spoke about the economic and trade relations between Georgia and China. It was emphasized that China is one of Georgia’s top trading partners. The volume of exports and imports, as well as Chinese investments and tourist flows, have significantly increased.

“Economic cooperation between China and Georgia is developing dynamically, creating a solid foundation for further deepening our collaboration in the financial sector,” noted the Governor of the National Bank of Georgia.

During the meeting, the parties reaffirmed their readiness to continue active cooperation to further strengthen financial and economic ties between Georgia and China.