Georgia and Hong Kong have signed a free trade agreement. The FTA was negotiated in 2016 and has several standard components, namely the elimination or reduction of tariffs, the liberalization of non-tariff barriers, flexibility regarding rules of origin to facilitate bilateral trade, customs facilitation procedures, liberalization and promotion and protection of investment, liberalization of trade in services, and a dispute settlement mechanism for the FTA.

The FTA has strategic value for Hong Kong and will help expand Hong Kong’s FTA network into the respective regions including Eurasia. The agreement is Hong Kong’s first with a country in the Caucasus region.

Georgia is the city's 121st trading partner in terms of goods. The signing is a part of Hong Kong’s long-term strategy of expanding its global reach as it moves toward being an international trading center. In the past 12 months, the city has secured three sets of FTAs, including the one with Georgia. The agreement aims to facilitate and promote trade between Georgia and Hong Kong. There are hopes that increased trade with Hong Kong will encourage Georgian entrepreneurs to participate in the high-end Hong Kong market. The FTA is advantageous for Georgia, as Hong Kong is a key international transit and financial center. The agreement is scheduled to enter into force by the end of the current year.