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RETROSPECTIVE ANALYSIS OF EXPORTS AND IMPORTS BETWEEN GEORGIA AND THE UNITED STATES

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Irma Lang

PhD student, Tbilisi State University, ORCID iD: https://orcid.org/0000-0001-6675-3775, E-mail: irmav75@yahoo.com

Abstract

DOI suffix: 10.36962/NEC17022022-53

The article analyzes exports and imports between Georgia and the United States during the period from 2015 to 2020. This period is used to calculate the specific weight of the United States' trade with Georgia, both in exports and imports. In addition, the article analyzes the advantages of GSP (Generalized System of Preferences) trading regime in Georgian exports, the export-import balance and the relevant conclusions are made based on the obtained results; The commodity structure of Georgia's exports and imports to the United States is also studied. The article shows that a recent Free Trade Agreement is needed to move Georgia and the United States into a new phase in trade relations.

Keywords: Georgia; USA; GSP; Export; Import; Balance; Commodity structure; FTA.

Introduction

1. Decree of the Government of Georgia N400 dated June 17, 2014 Tbilisi; (in Georgian)

2.https://history.state.gov

3.https://www.state.gov/countries-areas/georgia/. U.S. Department of State. U.S. Relations

with Georgia. October13. 2020

4. https://ustr.gov/

5. Expanding Georgia Exports under the GSP Program. Marideth Sandler. Office of the U.S.

Trade Representative. Executive Office of the President. September 2008

6. United States International Trade Commission. Harmonized Tariff Schedule of the United

States (2021) Preliminary Revision 3. February 2021 Publication Number: 5161

7. www.census.gov

8. www.geostat.ge

9. www.economy.ge

References

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The New Economist N2-4, (2022), Vol 17, Issue 2

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Published Date:

07/12/2022

Copyright (c) 2022 Irma Lang

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