European Integration and Business Enviroment in Georgia

Abstract

Abstract

Paper analyzes the impact that the process of Georgia’s European integration have had on country’s business environment. A significant changes have occurred in Georgia in the last decade, which had an influence on the status of the current business environment. Especially, it is worth to mention the aspiration of the country for European Integration. Georgia has carried out a number of recommendations and requirements set by the European Union, on the way to this goal, which has changed the country's business environment.The negotiations between the EU and Georgia about the “Deep and Comprehensive Free Trade Area (DCFTA)â€Â  was officially opened on 28th February, 2012. Prior to the opening discussions about “DCFTAâ€, the European Commission singled out four main areas of country’s economy, where conducted fundamental reforms became precondition to open diplomacy. These sectors were: technical barriers related to the EU trade regulations, sanitary and phytosanitary measures, intellectual property rights and competition policy. In addition, the European Commission together with the International Labour Organization asked for changing of the Labour Code and directly linked implemented reforms to progress, which should be reached during the talks with Europe about “DCFTAâ€.

 

Key words: Business environment, European integration, DCFTA, reforms.