Posted in: commodities-and-mining
RE: Frontera Archive13 Feb 2020 12:08
Posted by Looed on the 12th Feb :-
Georgian article on Congressman Webber
Pt.1
"United States Congressman Randy Weber wrote a letter to Georgian Prime Minister Giorgi Gakharia regarding “Georgia’s continued backsliding from democratic values and the associated decline of its economic prosperity.”
"I am alarmed by reports of delayed reforms and a declining climate for U.S. investment in Georgia, especially for energy companies from the USA. I wrote this letter to Georgia's Prime Minister to express my serious concern," Weber tweeted.
The Congressman expresses “concern over the decision to forego promised democratic reforms; reports of violence against peaceful protests; and, the improper targeting and harassment of political opponents, news operators, international and U.S. corporations, and civil society members.”
“Last year, I joined my colleagues in the U.S. House of Representatives to pass the Georgia Support Act primarily intended to express our support for your country ‘s independence, sovereignty and territorial integrity in the face of Russia’s open challenges to all these areas. It is very important to note, however, that the Georgia Support Act did not provide U.S. support for the Georgian government to effect domestic governance that runs contrary to the “development of democratic values in Georgia, including free and fair elections, public sector transparency and accountability, the rule of law, and anti-corruption,” Randy Weber said.
Congressman mentioned the National Statistics Office of Georgia’s report about the decrements of foreign direct investment in Georgia since 2017 and Transparency International’s report on annual Corruption Perception Index for 2019, which “shows that Georgia’s rating is continuing to decline or remain stagnant since 2015.”
“The resulting decline in foreign direct investment should, therefore, come as no surprise given that U.S. and European business interests find such an environment extremely challenging and are experiencing harassment, contract cancellation and expropriation attack. From my home state, a notable example of this experience is the oil and gas company from Houston, Texas – Frontera Resources. Another example relating to this deteriorating environment relates to the U.S. social media company, Facebook, who recently announced that it discovered and shut down an extensive network of accounts linked to the ruling Georgian Dream Party that were found to advance “coordinated inauthentic behavior” in order to crush opposition views in Georgia and advance anti· Western sentiments, especially towards the United States,” Congressman stressed.