ISET-PI played a relatively minor role in this project, supporting a consortium consisting of Ecorys (Netherlands) and CASE (Poland). The study was commissioned by the European Commission (DG Trade). The Georgian component of the study identified considerable compliance costs related to the EU-required phyto and veterinary controls, reflected in higher prices for meat and meat products, and an increase in EU meat exports to Georgia. These findings were reported to the Georgian Prime Minister’s office and to the consortium members.

ISET-PI played a relatively minor role in this project, supporting a consortium consisting of Ecorys (Netherlands) and CASE (Poland). The study was commissioned by the European Commission (DG Trade). The Georgian component of the study identified considerable compliance costs related to the EU-required phyto and veterinary controls, reflected in higher prices for meat and meat products, and an increase in EU meat exports to Georgia. These findings were reported to the Georgian Prime Minister’s office and to the consortium members.

Classical production theory knows three so-called “production factors”: labor, capital, and land. One needs a certain amount of each of these factors in order to set up a production of whatever good. Then, in the 20th century, it became common to not count land as a separate production factor anymore.