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Estonia Wishes to Conclude Agreements with Georgia on the Protection of Investments and Social Security Soon

25.08.2009

During Foreign Minister Urmas Paet's meeting with Georgian Foreign Minister Gregory Vashadze in Tallinn on Tuesday, 25 August, the two discussed the expansion of the Estonia-Georgia treaty base in order to facilitate business between the two countries. "We would like to conclude an agreement on the protection of investments with Georgia in the near future, in order to help with the intensification of Estonia-Georgia business contacts," noted Paet. "We would also like to conclude a social security agreement between the two countries as soon as possible," he added.

Estonian Foreign Minister Urmas Paet and Georgian Foreign Minister Gregory Vashadze 

While talking about the European Union Monitoring Mission (EUMM) in Georgia, Foreign Minister Urmas Paet emphasised the mission's importance in ensuring security and stability in Georgia. "After the missions of other international organisations have ended, the European Union Monitoring Mission plays a very important role in stabilising the security situation in Georgia," stated the Estonian foreign minister. Paet added that a long-term solution must honour Georgia's territorial integrity and sovereignty.

They also spoke about Estonia-Georgia co-operation in the framework of the European Union Neighbourhood Policy and Eastern Partnership. "Georgia should definitely use the opportunities presented to support its reforms and harmonise its legislation. Eastern Partnership is an important chance to help Georgia and other target countries grow closer to the EU," asserted Paet. The foreign minister added that Estonia will continue to support Georgia in its integration with NATO as well.

Foreign Minister Paet said that Estonia supports the rapid conclusion of visa facilitation and readmission agreements between the EU and Georgia, as well as starting negotiation discussions for a Deep and Comprehensive Free Trade Agreement (DCFTA) and an association agreement between the EU and Georgia as soon as Georgia is ready.

Foreign Minister Urmas Paet confirmed that Estonia's development co-operation with Georgia will continue according to plan. "Co-operation between Estonia and Georgia is close and is growing in the development aid sector through many bilateral projects for making internal security, rule of law development, and the functioning of the state more efficient, but also through education projects," said Paet. Georgia is one of Estonia's four development co-operation target countries. During the past five years Estonia has funded 30 different development co-operation projects in Georgia. Foreign Minister Vashadze thanked Estonia for the help it has given Georgia.

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