ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
08

The Wheat Market in Georgia

On February 15th 2021, export quotas on wheat, rye, maize, and barley entered into force in Russia. Russia also imposed customs tariffs and prohibitive duties amounting to 50% of customs value on these products. WHAT DOES THIS MEAN FOR GEORGIA? In general, the introduction of customs tariffs or quotas on exports is a part of a protectionist policy and is, more often than not, directed towards the protection of local producers and markets. Export quotas entail restrictions on the quantity of specific goods and services within an outlined period of time wi...
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Feb
01

COVID-19 in Georgia's Agriculture: a challenge, an opportunity or both?

The COVID-19 pandemic has led to widespread economic distress in many countries around the world. For the first time since 2009, the world’s gross domestic product (GDP) is expected to have declined in 2020. Alongside other sectors of the economy, such impacts are also being felt by the food and agricultural sector. The pandemic has affected food security and nutrition, supply chains, food and livestock production, and food safety. The pandemic consequently poses a serious threat to livelihoods in poor countries, those where agricultural production syste...
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Dec
14

COVID-19 and Food Safety in Georgia

“Food safety risks cannot be entirely eliminated but must be managed along the entire food chain, from farm to table. Reducing food safety risks requires collaboration across sectors, stakeholders and national borders” Dr Hans Henri P. Kluge, WHO Regional Director for Europe. It has been almost a year since the world started struggling with the challenges of the COVID-19 pandemic. Countries follow the recommendations and precautions provided by the World Health Organization (WHO) in order to prevent the spread of the virus. While various businesses, scho...
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Oct
12

To Subsidize or Not to Subsidize Georgia’s Wine Sector?

“Rtveli 2020” – a traditional vintage and rural harvest holiday in Georgia accompanied by feasts, musical events and other celebrations started on August 26. This year, the Government of Georgia (GoG) is subsidizing the grape harvest to support growers in selling their products. 0.3 GEL of the total 0.8 GEL per kg of Rkatsiteli or Kakhuri Mtsvane is subsidized. In the case of extreme necessity, the GoG will be involved in the purchase of grapes as well. Supporting the wine sector is part of the anti-crisis plan to handle the economic challenges caused by...
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Sep
28

Agritourism in Georgia

Imagine spending some time in the countryside away from the noisy, dusty city, getting involved in agricultural activities, and discovering the local culture. This kind of tourism is called agritourism. According to the World Tourism Organization’s data, tourist options in rural areas are increasing. According to specialists, this tendency is caused by middle aged people’s interest in spending their vacations in a quiet environment with less air pollution. This kind of tourism is financially more available and particularly suited to short vacations becau...
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Jun
22

The Impact of Food Safety Regulations on Agricultural Trade

From a trade perspective, the most important aspects of the EU-Georgia Association Agreement, signed on 27 June 2014, including the Deep and Comprehensive Free Trade Area (DCFTA), are the Sanitary and Phytosanitary (SPS) measures and the food safety standards and technical regulations required for access to European markets. Georgia’s export to the EU is still rather limited, and one possible cause for this deficiency, amongst others, is the limited capacity to comply with food safety regulations and standards. The DCFTA is, moreover, different from othe...
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