The Impact of China Georgia Free Trade Agreement on China Georgia Import and Export Trade ()
ABSTRACT
In recent years, the economic and trade relations between
China and Georgia have steadily developed, and the bilateral trade volume has
maintained rapid growth. According to data from Chinese customs, trade between
China and Georgia is showing a continuous growth trend, with the total trade
volume increasing from $04 million in 2000 to $1.408 billion in 2022. China has
become Georgia’s third largest trading partner. This article uses composite control method to empirically study the trade effects
of China Georgia Free Trade Agreement on the two countries using data
from 25 sample countries from 2001 to 2022. Research has found that China and
Georgia face issues such as insufficient overall trade scale, structural
imbalance, and trade imbalance; Through the
analysis of the current implementation status of the China Georgia Free
Trade Agreement, this article believes that the agreement reduces protective
barriers, expands trade scale, and improves resource allocation efficiency;
This article uses the composite control method to evaluate the impact of the
China Georgia Free Trade Agreement on bilateral trade between the two
countries. The study finds that the China Georgia Free Trade Agreement promotes
the total bilateral trade between the two countries; Further exploration was
conducted from both export and import perspectives, and it was found that free
trade agreements can promote China’s import and export trade with Georgia, and
have a greater trade effect on exports. Finally, based on the research
findings, relevant countermeasures and suggestions are proposed: leveraging
comparative advantages, expanding channels for economic and trade cooperation,
and expanding channels for enterprises to obtain information on free trade
agreements.
Share and Cite:
Nino, J. (2024) The Impact of China Georgia Free Trade Agreement on China Georgia Import and Export Trade.
Open Journal of Business and Management,
12, 1190-1208. doi:
10.4236/ojbm.2024.122062.
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