Sharing the belief that a free trade agreement shall produce mutual benefits to each party and contribute to the expansion and development of world trade under the multilateral trading system embodied in. For each product the base rate of customs duties, to which the successive reductions set out in annex i are to be applied, shall be the most-favoured nation customs duty rate applied on 1 january 2012. The chinese ministry of commerce signed the joint declaration of launching the feasible studies on china-georgia free trade agreement negotiations with the ministry of economy and sustainable.

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