Deep and Comprehensive Free Trade with the EU: Dynamics and Prospects for Deeper Integration

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Date
2018-04
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Journal ISSN
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ДВНЗ «Київський національний економічний університет імені Вадима Гетьмана»
Abstract
In modern globalized world economy no nation is independent and intensive economic relations are the key for national growth. As the globalization is occurring through regional integration, countries are actively engaged in regional institutional relations. Today the EU remains a “classic model” of successful regional integration. As the same time the EU’s regional policy aims at reducing the gap with the neighboring countries and creating favorable conditions. This policy has revealed into the European Neighborhood Policy in 2004 and Developed into Eastern Partnership (EaP) in 2009 for 6 eastern neighbor countries of the EU: Armenia, Azerbaijan, Belarus, Moldova, Georgia and Ukraine. The Integration has steadily goes up with region, however, some countries show more progress. Georgia, Moldova and Ukraine has already sign the Association Agreement (AA) including Deep and Comprehensive Free Trade Areas (DCFTAs) with the EU and now these countries work on further progress in terms of the Implementation of AA/DCFTA. The article discuss the issues deepening the progress with the establishing the free trade area in the region. The dynamics of foreign trade and correlation between the development of cooperation within the EaP format and increased trade flows are studied. Some data indicating the changing pattern of foreign trade are measured.
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Keywords
EU Integration, Foreign Trade
Citation
Sepashvili E. Deep and Comprehensive Free Trade with the EU: Dynamics and Prospects for Deeper Integration / Eka Sepashvili // Стратегічні імперативи сучасного менеджменту : зб. матеріалів ІV Міжнар. наук.-практ. конф. (19–20 квіт. 2018 р.) / М-во освіти і науки України, ДВНЗ «Київ. нац. екон. ун-т ім. Вадима Гетьмана» ; редкол.: С. М. Соболь (відп. за вип.) [та ін.]. – Київ : КНЕУ, 2018. – С. 102–111.
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