The existence of a Silk Road unified digital market will ensure free traffic of goods, service and capital, increase economic activities and create startups and labs. It will create new jobs and promote the introduction of innovative technologies.
In March, 2018, Mamuka Bakhtadze, the Minister of Finance of
Georgia and Mikheil Batiashvili, the Rector of Business and
Technology University, made a presentation of the project
“Digital Silk Road”.
Georgia has started working on a very important project, which
implies harmonization of Silk Road with the Unified Digital
Market. The aim of this project is to accelerate digital
development of Georgia, a country located in the centre of Silk
Road, to make it the leader and the key player of the region in
electronic trading technologies.
In order to implement the project, international technological
consortium will be created with the involvement of technological
companies and the creation of a new platform will start. The
platform will connect the participant countries within the
For transition to modern digital technologies and highly
competitive, knowledge-based economy, it is necessary to raise the
involvement of young generation in this process and make effective
use of human capital and local resources. Digital Silk Road project
will attract professional staff, students and startups involved in
computer sciences and IT technologies and business sector.
Digital Silk Road project implies implementation of
technological platforms, which will enable member countries to use
technological opportunities, develop technologically, use digital
technologies in trade, exchange and share different technologies,
use technological data of freight traffic.
The idea of implementing Digital Silk Road project, which was
announced in March, this year by Mamuka Bakhtadze, the
Minister of Finance and the special representative of Georgia for
the Silk Road- related issues and Mikheil Batiashvili,
the Rector of Business and Technology university, was
supported by the global technological company such as “Microsoft”,
which has recently been actively cooperating with public and
private sectors and educational institutions of Georgia.
On April 12, in support of the implementation of the
project, a cooperation agreement was signed between the Ministry of
Finance, Business and Technology University and
The document was signed by Mamuka Bakhtadze, the Minister of
Finance and the official representative of Georgia for the issues
related to “New Silk Road”, Mikheil Batiashvili, the Rector
of Business and Technology University, and Nikoloz Doborjginidze,
the Director of the Company “Microsoft Georgia”.
Within the framework of the agreement, the parties agree to cooperate to create a unified electronic trade platform of the Silk Road member countries, which will support the manufacturers and suppliers to pitch to potential economic partners and implement online activities under the conditions of free competition. The agreement envisages creation of working teams, which will facilitate the achievement of the project goals. Furthermore, the parties of the agreement will cooperate to provide technical, research and intellectual support, and increase the involvement of Silk Road member countries, international organizations and donors.
The goal of the Digital Silk Road Project isto support the acceleration of digital development of Georgia, a country located in the centre of Silk Road, to make it the leader and the key player of the region in electronic trading technologies. Digital Silk Road Project will also attract and involve professional staff employed in computer engineering and IT technologies, business sector as well as students and startups in implementation of this innovative idea.