Investment and Export Promotion via Diagonal Cumulation between Georgia, Türkiye and the European union

Since April 29, 2021, according to the Diagonal Cumulation between Georgia, Türkiye and the EU, Georgia-made products (outside of agriculture sector) that include Turkish raw inputs may be exported to the EU under the Free Trade Agreement (FTA). Aside to increasing Georgian export potential to EU, the Diagonal Cumulation will also encourage Foreign Direct Investments (FDI) from Türkiye to the Georgian economy. In addition, it will support innovation by promoting establishment of joint companies by Turkish and Georgian business communities, which will certainly, create new high-value jobs.

The present document is a report of a study carried out by PMCG research team, as requested by the USAID Economic Security Program for Investment and Export Promotion via Diagonal Cumulation between Georgia, Türkiye and the European Union (EU). PMCG conducted the study using quantitative and qualitative research methods, as a result of which various most promising sectors and value chains and the respective goods have been identified. Production of the identified goods could be economically attractive in light of the diagonal cumulation, i.e. manufacturing in Georgia using Turkish raw materials and intermediate products for exporting to the EU. The report includes the list of Georgian and Turkish companies that may be potentially interested in production of these goods in Georgia.

Featured Project

• Investment and Export Promotion via Diagonal Cumulation between Georgia, EU, and Turkey

  9 Feb 2022

  The project is the first part of the three-stage initiative of the USAID Economic Security Program aiming to promote investment and export via diagonal cumulation between Georgia, the European Union (EU), and Turkey.

   

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