Obama, Saakashvili Discuss Free Trade Agreement

U.S. President Barack Obama said that the U.S. and Georgia are discussing a free trade agreement in order to expand commercial ties and strengthen economic cooperation, Reuters reports.

"The key point is we think it's a win-win for the United States and for Georgia as we continue to find opportunities for businesses to invest in Georgia, for us to be able to sell Georgia our goods and services, and Georgia to be able to sell theirs as well," Obama said during the meeting with Mikheil Saakashvili at the White House.

President Obama said the two sides have agreed to continue the dialogue on the free trade agreement.

At a joint press conference that followed the meeting, the Georgian President Saakashvili said that such an agreement would be a big achievement indeed, as agreements of this scale with the U.S. are a big leap forward for any country.

At present the U.S. has free trade agreements with 17 counties, with ongoing negotiations on the subject with South Korea, Panama and Columbia.