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ISET Economist Blog

A blog about economics in the South Caucasus.
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Jul
09

Great Expectations: Does the DCFTA Really Boost Georgia’s Economic and Export Potential?

On June 27, 2014, Georgia and the EU signed an Association Agreement (AA) and its integral part – the Deep and Comprehensive Free Trade Area (DCFTA). On July 1st, 2016, DCFTA fully entered into force. Until then, trade between Georgia and the EU was regulated by the Special Incentive Arrangement for Sustainable Development and Good Governance that contained a Generalized System of Preferences+ (GSP+) agreed to in 2005.  GSP+ covered 7,200 products for which the customs duty was reduced or eliminated when exporting to the EU market. It is w...
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Feb
26

Organic Is The New Black!

  Year by year, interest in the organic market is increasing all over the world. According to STATISTA, worldwide sales of organic food quintupled in the 21st century (18 billion USD in 2000, versus 90 billion USD in 2016), while, according to TechSci Research, the total worth of the market is projected to grow at a compound annual growth rate (CAGR) of 16.15% during the period 2017-2022. In fact, in some developed countries, the growth of supply of organic foods cannot keep up with the growth of demand (OCA, 2018), as the transition from conventio...
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Oct
16

Strong Leader = Successful Team?!

The cooperative movement in Georgia started back in 2013 with EU support, through the launching of the ENPARD project, a major component of which is the development of agricultural cooperatives across Georgia. According to the Agricultural Cooperatives Development Agency, there are 1,500 agricultural cooperatives in Georgia, and more than 250 of them have been supported by the ENPARD program (for locations of these cooperatives see the map). Not all those newborn cooperatives will be successful, and their sustainability depends on many factors. THE THEOR...
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Apr
24

Working Together for a Bigger Pie

  The village of Chkhakaura is located en route to the famous Bakhmaro resort in the Gurian Mountains. This settlement is not only in a picturesque environment, but also the home of hard-working people, some of whom we introduced in our success story about the agricultural cooperative “Samegobro 2014”. Since their registration as a formal cooperative back in 2014, this group of fish farmers is becoming increasingly successful. The cooperative is well-linked to local markets, both with regards to purchasing equipment and inputs (a “backward” linkage...
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Nov
26

Professionals for Georgian Agriculture

  Recently, the ISET Economist Blog wrote about the cooperative “Shamatia.” Their strawberry seedlings started to fade soon after planting. The cooperative consulted with different experts in the country to find the reason, and the solution for the problem, without success. Only after sending sample seedlings abroad was the cause of the problem revealed. In the meantime, however, the cooperative experienced losses of 15,000 GEL. Such cases are not rare in Georgian agriculture. Recent value chain studies conducted by the ISET Policy Institute indica...
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Nov
07

Georgian Tea: Finding New Strength in Unity?

After many years of chaos and utter collapse, Georgia’s once glorious tea industry is again showing signs of life. More and more individual farmers and businesses – mostly very small, but some quite ambitious, such as Geoplant (known for its “Gurieli” brand) – grow, process and pack tea. Despite competition from major producing countries and international brands, Georgian tea has great export potential because of the value attached to it all over the former Soviet Union.  While the potential is clearly there, it is not at all clear what strategy sho...
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