Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement between the European Union and Georgia

254 Pages Posted: 20 May 2009 Last revised: 26 Oct 2010

See all articles by Maryla Maliszewska

Maryla Maliszewska

CASE - Center for Social and Economic Research

David A. Dyker

University of Sussex

Michael Emerson

Centre for European Policy Studies (CEPS)

Michael Gasiorek

University of Sussex

Peter Holmes

University of Sussex - Sussex European Institute; College of Europe, Bruges

Malgorzata Jakubiak

CASE - Center for Social and Economic Research

Andre Jungmittag

University of Wuppertal

Alina Kudina

University of Warwick - Warwick Business School; CASE

Evgeny Polyakov

World Bank

Andrei Roudoi

affiliation not provided to SSRN

Michael Tokmazishvili

CASE - Center for Social and Economic Research - CASE Transcaucasus

Vicky Korchagin

affiliation not provided to SSRN

Georgi Pertaia

affiliation not provided to SSRN

Date Written: May 11, 2009

Abstract

The aim of this study is to evaluate the economic feasibility and implications of free trade agreement between the EU and Georgia as well as of greater regional integration. The study uses a mix of qualitative and quantitative analysis along with surveys, sectoral studies and local expert knowledge. Overall we conclude that a free trade agreement between Georgia and the EU is feasible, since Georgia has already taken liberalising measures going considerably beyond a classic Simple FTA and on the other hand Georgia benefits from the EU GSP . We analyze the range of scenarios for deep integration that show the benefits of the various degrees of integration. The greatest benefits would accrue with a Deep FTA scenario involving a significant approximation of law along the priorities of the ENP Action Plan for Georgia coupled with additional flanking measures on e.g. competition and corruption and their effective implementation, which would mean a re-branding of Georgia as a safe and attractive investment location.

Keywords: European Neighborhood Policy, free trade agreement, institutional harmonization, EU, Georgia

JEL Classification: F15, F12, O13, P48, G21

Suggested Citation

Maliszewska, Maryla and Dyker, David A. and Emerson, Michael and Gasiorek, Michael and Holmes, Peter Martin and Jakubiak, Malgorzata and Jungmittag, Andre and Kudina, Alina and Polyakov, Evgeny and Roudoi, Andrei and Tokmazishvili, Michael and Korchagin, Vicky and Pertaia, Georgi, Economic Feasibility, General Economic Impact and Implications of a Free Trade Agreement between the European Union and Georgia (May 11, 2009). CASE Network Report No. 79, Available at SSRN: https://ssrn.com/abstract=1402915 or http://dx.doi.org/10.2139/ssrn.1402915

Maryla Maliszewska (Contact Author)

CASE - Center for Social and Economic Research ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

David A. Dyker

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Michael Emerson

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

Michael Gasiorek

University of Sussex ( email )

Sussex House
Falmer
Brighton, Sussex BNI 9RH
United Kingdom

Peter Martin Holmes

University of Sussex - Sussex European Institute ( email )

Falmer, Brighton BN1 9QN
United Kingdom

College of Europe, Bruges

Dijver 11
B-8000 Brugge, Oost Vlanderen 10000
Belgium

Malgorzata Jakubiak

CASE - Center for Social and Economic Research ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

Andre Jungmittag

University of Wuppertal ( email )

Gaußstraße 20
42097 Wuppertal
Germany

HOME PAGE: http://www.wiwi.uni-wuppertal.de/Privatdoze.12.0.html?&L=0

Alina Kudina

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

CASE ( email )

Al. Jana Pawła II 61/212
Warsaw, 01-031
Poland

Evgeny Polyakov

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Andrei Roudoi

affiliation not provided to SSRN ( email )

Michael Tokmazishvili

CASE - Center for Social and Economic Research - CASE Transcaucasus ( email )

Tbilisi
Georgia

Vicky Korchagin

affiliation not provided to SSRN ( email )

Georgi Pertaia

affiliation not provided to SSRN ( email )

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