Course summary European Union - South Caucasus Trade Relations:
The South Caucasus region: Armenia, Azerbaijan and Georgia. EU Trade policy. Transcaucasia
The South Caucasus (Transcaucasia) is a geopolitical region located on
the border of Eastern Europe and Southwest Asia. Countries of South Caucasus:
Armenia,
Azerbaijan and
Georgia.
Since 2004, the European Union has become the
main trade partner of each country (in 2009 trade with the EU represented
30.4% of overall trade for Armenia, 42.8% for Azerbaijan and 29.4% for Georgia).
These countries' share of overall EU trade remains very low, less than
0.5% altogether.
Trade between the EU and the South Caucasus countries - Armenia, Azerbaijan and
Georgia - has intensified since their inclusion in the European Neighbourhood
Policy in 2004.
All three South Caucasus countries benefit from the EU's Generalised System
of Preferences (GSP). Under the current GSP Regulation covering the period
from 1 January 2009 to 31 December 2011, all of them qualify for the special
incentive arrangement for sustainable development and good governance (GSP+),
offering them a particularly advantageous access to the EU market.
The EU trade relations with each of these three countries are governed by a
Partnership and Cooperation Agreement: Black Sea Synergy (EU).
Example of the course European Union - South Caucasus Trade
Relations:
EENI International Business
Course learning materials: 
