Publication:

BSEC-ის ქვეყნებთან საქართველოს ვაჭრობის პერსპექტივები

The process of regionalization is intensifying in the world, which makes it important to study and analyze the results of cooperation with the members of the integration group of which the country is a member. The paper is dedicated to discussing Georgia's trade prospects with BSEC countries. The first chapter provides the theoretical foundations of the interstate regional integration. The second chapter is devoted to an in-depth study of the Black Sea Economic Cooperation Organization (BSEC). The BSEC acts as an intergovernmental regional integration group for a wide range of purposes. BSEC has a wide range of opportunities for economic and political security. To enhance the benefits of the cooperation by participating countries it will be helpful to activate the work in the planned directions. The third chapter analyzes Georgia's trade with BSEC countries from 1995-2018. The half of Georgia's foreign trade turnover comes from group member countries. In the first years of post-socialist development, the export value of these countries was greater for Georgia, which was expressed by a large share of total exports. This share has been reduced at the expense of export diversification, although the group member states remain important export markets for Georgia. They account for about 55% of Georgia's exports. Imports from BSEC countries account for about 50% of Georgia's total imports. Geographical proximity has a significant impact on Georgia's foreign trade. Integration member states are Georgia's major trading partners, but the negative balance of trade with these countries is problematic, although its level remains at the same mark after the sharp downturn.