Economic Ties of Georgia with Central Asian Countries and Future Cooperation Perspectives

Central Asia is decisively one of the most significant regions in the world that makes a valuable contribution to Eurasian economic cooperation. The region is affluent with natural and energy resources that arouse the interest and desire for collaboration among the neighbors and generally, rest of the world. Georgia and the Central Asian republics are connected by historical liaison, starting from the ancient Silk Road. Although the multilateral relations have improved significantly over the years, much remains to be undertaken. For this region, Georgia is a gateway to connect with the Western world. On the other hand, Central Asia is also in Georgian interest, that allows the country to be involved in regional transportation projects, as well as increase its access to Asian markets. The aim of the following paper is to analyze economic relationships between Georgia and Central Asian countries in terms of foreign trade, tourism, foreign direct investments and remittances, detailed by countries. Additionally, the study pays attention to future collaboration perspectives and priority areas between the countries. This incorporates the partnership in such strategic spheres, as trade, energy, transport, tourism and infrastructure. The analysis of these issues is crucial since the economic intimacies between the given countries will contribute to deepening cooperation between the nations of the region and push Eurasian economic cooperation ahead. Davit Shatakishvili "Economic Ties of Georgia with Central Asian Countries and Future Cooperation Perspectives" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46396.pdf Paper URL : https://www.ijtsrd.com/economics/international-economics/46396/economic-ties-of-georgia-with-central-asian-countries-and-future-cooperation-perspectives/davit-shatakishvili