Georgia-Turkey Trade Relations - Challenges and Opportunities

Abstract

The purpose of the paper is to provide a detailed analysis of Georgia-Turkey trade relations, to present ex-post assessment of FTA in order to detect the actual effects of the agreement on the Georgian economy, to identify existing challenges and to give policy recommendations how to overcome those challenges. Combining data on bilateral trade flows with data on presence or absence of FTAs allows to distil the impact on trade flows, and determine whether bilateral trade increases as a result of the trade agreement or just as a result of a general increase in trade. The study focuses on 2009-2015 years and uses both qualitative and quantitative techniques for the analysis.