European Union-South Caucasus

The purposes of the subject “EU-South Caucasus” are the following:

1. To know the European Union Trade Policy with South Caucasus region
2. To analyse the trade relations and partnership agreements between the European Union and the South Caucasus countries

Description: European Union (EU)-South Caucasus trade relations:

The South Caucasus (Transcaucasia: Armenia, Azerbaijan, and Georgia) is a geopolitical region situated on the border of Eastern Europe and Southwest Asia.

1. Since 2004, the European Union has become the main trading partner of each country of the South Caucasus
2. The bilateral trade with the European Union represented 30% of the total trade for Armenia (43%), Azerbaijan, and Georgia. These share of the total European Union international trade remains very low (less than 0.5% in total)
3. The Foreign Trade between the European Union and the South Caucasus countries (Armenia, Azerbaijan, and Georgia) has intensified since their inclusion in the European Neighbourhood Policy in 2004.
4. Armenia, Azerbaijan and Georgia benefit from the Generalised System of Preferences (GSP) of the European Union (EU)
5. The Trade Relations of the European Union with Armenia, Azerbaijan, and Georgia are governed by a Partnership and Cooperation Agreement: the Black Sea Synergy

Member Countries of the European Union: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, France, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

United Kingdom (non-EU member, BREXIT).

The European Union (EU)-South Caucasus belongs to:

1. Islamic Civilisation (Central Eurasian Economic Area)
2. Western Civilisation (European Economic Area)
3. Orthodox Economic Area

European Union Trade Agreements: EU-Africa Strategic Partnership, Agadir Agreement, Algeria, Ivory Coast, Egypt, Morocco, Tunisia, South Africa, Gulf Cooperation Council, Jordan, Lebanon, ASEAN, Georgia, Moldova, Russia, Turkey, Ukraine, Central America, CARIFORUM, Chile, MERCOSUR, Mexico, Andean Countries, United States, Canada, China, India, South Korea...

Economic corridors:

1. Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey Transport Corridor (Lapis Lazuli)
2. International North-South Transport Corridor
3. Baltic-Adriatic Transport Corridor (Poland, Czech Republic, Slovakia, Austria, Italy, Slovenia)
4. Transport Corridor Europe-Caucasus-Asia (TRACECA)
5. Trans-Caspian Trade and Transit Corridor (Central Corridor)