Association Agreement Georgia
Georgia’s Association Agreement: Understanding the Key Details
The Association Agreement between Georgia and the European Union has been a topic of interest since its signing in 2014. This agreement is designed to strengthen the partnership between Georgia and the EU while promoting economic growth, democracy, and human rights.
So, what does the Association Agreement entail, and what are its key components?
1. Political Dialogue and Human Rights
The Association Agreement establishes political dialogue between Georgia and the EU on issues such as democratic governance, rule of law, and human rights. It aims to promote respect for human rights and fundamental freedoms as well as to strengthen Georgia`s democracy. The Agreement also establishes a platform for regular consultations on foreign and security policy.
2. Deep and Comprehensive Free Trade Area (DCFTA)
The DCFTA is a cornerstone of the Association Agreement. It aims to remove trade barriers between Georgia and the EU by eliminating tariffs and non-tariff barriers on goods and services. The DCFTA provides Georgia with access to the EU`s market of more than 500 million consumers, thereby increasing opportunities for Georgian businesses to export their products and services.
3. Financial Cooperation
The Association Agreement provides for financial support to Georgia through various EU financial instruments and programs. This support aims to foster economic growth, job creation, and poverty reduction in the country. The EU also provides assistance to Georgia in implementing the reforms necessary to comply with the Agreement.
4. Sectoral Cooperation
The Association Agreement provides for cooperation in a wide range of sectors, including but not limited to energy, transport, environment, and education. This cooperation aims to promote sustainable economic development and social progress in Georgia.
5. Mobility and People-to-People Contacts
The Association Agreement aims to enhance people-to-people contacts and promote mobility between Georgia and the EU. It provides for visa liberalization for Georgian citizens traveling to the EU, as well as for enhanced cooperation in areas such as education, culture, and youth.
In conclusion, Georgia’s Association Agreement with the European Union is a comprehensive document that covers a wide range of areas. It aims to promote economic growth, democracy, and human rights in Georgia while strengthening the partnership between the country and the EU. With its implementation, Georgia is expected to benefit from increased trade, financial support, and enhanced cooperation in various sectors.