Export potential of Georgia
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2024-02-12 14:55
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SHENGELIA, Teimuraz, GELASHVILI, Madona. Export potential of Georgia. In: World economy and international economic relations: International Scientific Collection, 1 ianuarie 2020, Chişinău. 2020, Volume 3, pp. 29-33.
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World economy and international economic relations
Volume 3, 2020
Conferința "World economy and international economic relations"
Chişinău, Moldova, 1 ianuarie 2020

Export potential of Georgia


Pag. 29-33

Shengelia Teimuraz1, Gelashvili Madona2
 
1 Ivane Javakhishvili Tbilisi State University,
2 Sokhumi State University
 
 
Disponibil în IBN: 29 ianuarie 2020


Rezumat

After achieving independence, Georgia has established diplomatic and trading relationships with a lot of countries. From the early years, in the economics of our country, an unwelcomed tendency was established, which was reflected in the negative balance of the accounts of current operations. But with the help of international organizations, most importantly, the international exchange fund and the World Bank he by comparison managed the stabilization of economic situation and liberalization of foreign trade. Already in the year 1992, the deficit of the then current operations accounts consisted of 247.2 million U.S. Dollars, and from that point on, it is described by a growing tendency. In case of using its geographical location and rationally using its natural resources, Georgia can take a worthy role in the world trading and increase the trading-economic relationships with the world commonwealth. Today Georgia is the field of great interest between the world’s greatest countries. Independent Georgia has been given a capability of being a connecting bridge of the east and west, north and south. Policy oriented on export must consider getting into the foreign markets and improving the cost conditions and the production in the local export sector. Both of this aspects are a topic of agreement negotiation about trading, which defines with what conditions the countries will open their markets to each other. During trading negotiations every partner tries to get discounts from the other partner, in the fields in which they have a relative advantage. Georgia has export potential in the labor-intensive manufacturing more so, than in simple product production, which does not give away some kind of special advantage compared with mass production.Georgia is mainly interested in opening a euro union market for agricultural products and labor-intensive products. On second thought, high industrial economics, like Euro Union, mainly perform export of big scaled economic-having differentiated and technologically modern products. Because of this, the interest of this countries is to enter the markets with this products and services associated with them. Also, the Euro union focuses on the entrance of thosekind of difficult markets, which are like financial markets, and on those aspects connected to economy, which are like defending intellectual properties. The object of special interests of each of the partners, is presented by different markets.

Cuvinte-cheie
international trading, export, import, trade turnover, world trading organization, world market, business partner