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  3. Write a report of 300 words in English to demonstrate the feasibility of establishing China-Georgia Free Trade Zone, based on th

Write a report of 300 words in English to demonstrate the feasibility of establishing China-Georgia Free Trade Zone, based on th

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问题     Write a report of 300 words in English to demonstrate the feasibility of establishing China-Georgia Free Trade Zone, based on the FDI and bilateral trade data in Chart 1 and Table 1. Your writing will be assessed for language, format, structure, content and length. Write your report on the answer sheet (30 points)
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答案 On the Feasibility of Establishing China-Georgia Free Trade Zone According to the report by National Statistics Office of Georgia, the FDI (Foreign Direct Investment) in Republic of Georgia in 2008 totaled nearly 1. 6 billion US $ , which accounts for about 12% of Georgia’s GDP. Then in 2009, the FDI in Georgia decreased sharply by 62. 5% to reach 600 million US $. From 2009 to 2011, the FDI in Georgia took on upward trend, reaching from 600 million US $ to 1. 1 billion US$. In 2012, the FDI in Georgia decreased moderately to 900 million US $ ; in 2013 the investment slowly climbed to 950 million US$ ; and in 2014, the investment increased dramatically to 1. 3 billion US$, which accounts for 8% of GDP. The data implied that FDI in Georgia played an important role in Georgia’s national economy. As can be seen from China’s Trade in Goods with Georgia from International Trade Statistics Database, the turnover from 2009 to 2014 took on upward trend. In 2009, the turnover was only 180. 71 million US $ while in 2014 it totaled 823. 35 million US$ ; also the share in total turnover was from 3. 2% to 7. 2%. The export from 2009 to 2014 increased moderately from 5. 96 million US$ to 90. 39 million US $ , except for a slight decrease in 2012. Meanwhile, the share of goods exports in total exports increased moderately from 0. 5% to 3. 2%. The import from 2009 to 2014 increased substantially from 174. 75 million US $ to 732. 96 million US$ and the share of goods imports in total imports increased from 3. 9% to 8. 5%. The total goods trade balance of the five years recorded a relatively large deficit of 2. 78 billion US $ . The given information showed that FDI in Georgia somehow influenced Georgia’s gross domestic product and China had a relatively large demand for Georgia’s goods. Thus to establish China-Georgia free trade zone is feasible and promising.
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