Problems and potential future benefits of the EU - Georgia free trade

This book delves into the evolving relationship between Georgia and the European Union, focusing on developments up to 2023. The grant of EU candidate status to Georgia in December 2023 was a key milestone. Yet, internal challenges, including a controversial foreign agent law, have cast uncertainty on its path to full membership.The Association Agreement with the EU is expected to bring significant economic benefits, such as improved export opportunities and the growth of joint ventures. However, obstacles like financial constraints, competition, and infrastructural issues must be addressed through effective coordination and support systems.While Georgia's exports to the EU have seen a modest increase, the country has yet to undergo a structural economic transformation. Emphasizing industrialisation over-dependence on tourism and foreign direct investment is crucial for long-term growth.Georgia's rich history of EU engagement places it at a pivotal juncture, ready to leverage its proximity to the EU for modernisation and economic advancement. This examination provides insights into navigating the complexities of EU integration and unlocking future opportunities for Georgia.

Autorentext
Giorgi Mamphoria from Zugdidi, Georgia, holds a bachelor's degree in Economics from Tbilisi State University and a master's degree in Economics from Wirtschaftsuniversität Wien. With expertise in economic analysis, Giorgi focuses on Georgia's integration with the EU and strategic national development.