EU Trade Deal Boosts Georgia's Economy, Leaves Moldova and Ukraine Behind
This article looks at how a special trade deal called the Deep and Comprehensive Free Trade Area (DCFTA) affects trade between certain European countries like Georgia, Moldova, and Ukraine and the European Union. The researchers used a model to analyze how well the trade deal worked. They found that after the DCFTA, trade between Georgia and the EU went up by about 18%. However, for Moldova, the increase was lower at around 9%, and for Ukraine, there was almost no change. The trade deal brought benefits only to Georgia. Overall, the DCFTA had a positive but not significant impact on trade between the EU and these countries. This means that for each country, the effects of the trade deal were very different.