ISET

ISET-PI Hosts Water Resource Management Workshop

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On Monday November 12, the ISET Policy Institute hosted a workshop entitled “Economic Instruments for Water Resource Management”. The Energy and Environment Policy Research Center at the ISET Policy Institute (EEPRC) presented its policy paper on the topic in front of several institutional stakeholders and interested citizens.

Thanks to the support of the Europe Foundation, the EEPRC conducted an extensive review of the literature on economic instruments for water management, all of which is in compliance with the principles highlighted by the EU Water Framework Directive, and a study of their feasibility in the Georgian context. The aim of this project was to support Georgia’s path towards integration in the European Union and the implementation of its obligations under the Association Agreement, as well as to contribute to the sustainable managementof water resources in Georgia.All major economic instruments potentially useful to incentivize the sustainable use of water resources in Georgia were discussed, highlighting the feasibility of alternative policy options.

South Caucasus Regional Trade Study Exhibited at ISET

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On November 9, ISET hosted the presentation of the South Caucasus Regional Trade Study, which was carried out by Private Sector Development Research Center (PSDRC) through an SDC-funded project, “Facilitation of Trade in the South Caucasus”, implemented by the UNDP.

The study analyzed the integration of the South Caucasus countries into international markets, and how the strengthening of bilateral relations between Georgia and Armenia and Azerbaijan could contribute to the countries’ sustainable development, help to stimulate inclusive growth, overcome poverty and protect the environment.

The South Caucasus is a small but strategically important region at the crossroads of Europe and Asia. The region’s economies are deeply integrated into global markets through trade, capital and personal mobility, but have weaker intra-regional economic ties. The deepening integration of transport and energy infrastructure and intensive personal mobility are all factors pushing the countries of the region closer together, despite small intra-regional trade flows.

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