From a trade perspective, the most important aspects of the EU-Georgia Association Agreement, signed on 27 June 2014, including the Deep and Comprehensive Free Trade Area (DCFTA), are the Sanitary and Phytosanitary (SPS) measures and the food safety standards and technical regulations required for access to European markets. Georgia’s export to the EU is still rather limited, and one possible cause for this deficiency, amongst others, is the limited capacity to comply with food safety regulations and standards. The DCFTA is, moreover, different from othe...
ISET Economist Blog
A blog about economics in the South Caucasus.
Jun
22
May
18
Agricultural and rural development play an important role in the country’s socio-economic development. The restrictions imposed during the pandemic have hindered spring agricultural works which has significantly worsened conditions for farmers and stalled their future potential. Consequently, the Georgian government developed an anti-crisis plan, “Caring for Farmers and Agriculture”, that was presented on 12 March. The proposal entails two forms of aid: direct assistance and sectorial support. Table 1 summarizes each component of the plan:
Table 1. Suppo...
Jan
24
Did you know that:
• the 20 warmest years on record have been in the past 22 years?
• average wildlife populations have dropped by 60% in just over 40 years (60% between 1970 and 2014)?
• every year, nearly 1 million hectares (larger than New York City) of coastal ecosystems are destroyed?
• in the past 20 years, 4.2 billion people have been affected by weather-related disasters, including a significant loss of lives?
These and other broader changes such as rising sea levels, accelerating ice melt, shifting seasons, etc. occurring on earth are...
Dec
30
In November 2019, prices for food and non-alcoholic beverages, as measured by the Food Price Index (FPI), drastically increased by 13.4% compared to November 2018 and contributed 4.02 percentage points to the change in the total Consumer Price Index (CPI). In recent months, annual food inflation marked at its highest level since August 2011 (Figure 1).1
Figure 1: Annual Food Price Inflation (January 2010-November 2019)
Prices increased for all sub-categories of food and non-alcoholic beverages. The largest price increases were observed for fruits and gr...
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