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
Mar
17
GLOBAL VALUE CHAINS AND THE CHANGING NATURE OF COMPARATIVE ADVANTAGE
We live in the world where production of a single good typically involves manufacturing inputs from many different countries around the globe. For example, a typical iPhone production takes place in as many as 7 countries, including USA, Mongolia, Japan, Korea, Taiwan, China and even Switzerland. This is what is known to economists as global value chains (GVC). The emergence of GVC more than two decades ago transformed the way economists think about countries’ comparative advanta...
Jul
09
On June 27, 2014, Georgia and the EU signed an Association Agreement (AA) and its integral part – the Deep and Comprehensive Free Trade Area (DCFTA). On July 1st, 2016, DCFTA fully entered into force. Until then, trade between Georgia and the EU was regulated by the Special Incentive Arrangement for Sustainable Development and Good Governance that contained a Generalized System of Preferences+ (GSP+) agreed to in 2005. GSP+ covered 7,200 products for which the customs duty was reduced or eliminated when exporting to the EU market. It is w...
Recent Comments
Dear Hans, thank you!Indeed, the ban on ownership of agricultural land for non-Georgians should be considered as the hindrance for... Read More
Tuesday, 10 July 2018 1:01 PM
interesting post __ a factor you are missing is that the ban on ownership of agricultural land for non-Georgians is not conducive ... Read More
Tuesday, 10 July 2018 11:11 AM
The European Business Associations mission is: To advocate/lobby for European Businesses in Georgia;To facilitate the development... Read More
Thursday, 12 July 2018 2:02 AM
Feb
20
Benjamin Franklin once said, “In this world, nothing can be said to be certain, except death and taxes.” Yet we have a tax that could prevent hundreds of millions of premature deaths. It is time to use it more effectively.
-Prabhat Jha
It is a truth universally acknowledged, that cigarettes are bad for human health. Yet, whenever the government tries to regulate consumption of cigarettes by increasing their price, it gets a very mixed reaction from the public. Some people (mostly non-smokers) welcome these policies, while others accuse the government of ...
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