GEORGIA’S TRADE RELATIONS WITH CIS AND EU MEMBER STATES
GEORGIA’S TRADE RELATIONS WITH CIS AND EU MEMBER STATES

Summary/Abstract: The article provides analysis of Georgia’s trade relations with the countries of the Community of Independent States (CIS) and the European Union. The authors attempted to demonstrate that Association Agreement with EU and its fulfillment does not prevent Georgia’s trade relationships with the CIS countries, among them with Russia. This was evidenced by the results of analysis of factual figures of trade relations. After making Deep and Comprehensive Free Trade Area Agreement with the European Union, Georgia’s trade relationships have expanded with both, CIS and EU countries. Foreign trade growth rates with CIS countries exceeded that with the EU countries. The authors regard that this is result of high visibility and Georgian products. At the same time, competitiveness of Georgian goods corresponds to the requirements at CIS markets. Goods of independent Georgia, with Georgian named as the country of origin find their way to the European markets only now. Their visibility level is low. Authors of the article regard that to improve products visibility at the EU markets, Georgian businesses should, primarily rely on the markets of the countries of former socialist countries. In addition, attention should be paid to development of export and import strategies and high professionalism of the trade personnel.

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