Georgia's foreign trade: situation, challenges, opportunities

Abstract

The paper shows that foreign trade plays a major role in the active involvement and deepening of Georgia's integration processes. The state and dynamics of the country's foreign trade turnover are characterized. It is emphasized that one of the main indicators of the effectiveness of foreign trade is the country's foreign trade balance, which is chronically deficient in post-Soviet Georgia. Based on the analysis and evaluation of the deficit of the trade balance of modern Georgia, the main ways of overcoming it have been developed: raising the domestic and international competitiveness of the country and thereby increasing the domestic and foreign demand for it, i.e. more: export, diversification, optimization, re-export, reasonable import. In addition, the proposed recipe for improving the trade balance needs to be adjusted taking into account the specifics of each partner country. According to the author, as a result of all this, the negative balance will gradually decrease and we will get a positive trade balance.