The EU-Georgia Association Agreement: An Instrument To Support The Development Of Georgia Or Lip Service? / Układ Stowarzyszeniowy Ue – Gruzja: Instrument Wsparcia Rozwoju Gruzji Czy Deklaracja Bez Pokrycia?

摘要

Provisions of the EU-Georgia AA resemble the earlier Europe Agreements (EAs) signed by the Central and Eastern European Countries, albeit there are many differences as well. It is expected that the AA will bring about a number of advantages for Georgia, including: (a) stabilisation of its economic and legal system, thus making it more predictable for investors and more business friendly; (b) alignment of many business laws to those in the EU, which will broaden the market for Georgian products and services; (c) better implementation of business laws. The short term advantages resulting from trade liberalisation will be modest for Georgia, partly because it granted open access to its market before the AA entered into force. Implementation of the Agreement will involve adjustment costs, which are usually an inevitable part of the path to increasing exports to the huge EU market.