Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country.
Liberal foreign trade policy is one of the major principles of the economic policy of Georgia. Georgia has no quantitative restrictions (quotas) on trade (except on ozone depleting substances). Only medical products, firearms, explosives, radioactive substances, dual use goods, industrial waste, and a few types of agricultural chemical products are subject to import/export licensing. In 2005, the number of permits for import and export was reduced from 14 to eight, where it has remained until the present. Excise taxes and VAT apply equally on imported and domestic products. U.S. agricultural products like poultry, animal-derived products, and feed face limitations due to unevenly applied, unclear, and non-science-based regulations adopted from the EU. In the past two years, many of these regulations have been adopted suddenly without proper notification or consultations at the World Trade Organization, jeopardizing millions of dollars in U.S. agricultural and food exports already contracted or shipped to Georgia.