Economic Diplomacy of Georgia and its strategic role in European Integration
Economic Diplomacy of Georgia and its strategic role in European Integration

Summary/Abstract: Economic diplomacy is one of the main strategic tools, at internal and external level, that allows a country to strengthen its internal economic sectors, to build trade partnerships at regional and international level and to highlight the development of different businesses. The recent changes at the international level showed the need for countries to consider the reuse of their resources or the access to other resources worldwide and to also rethink the use of their Economic Diplomacy. With a large market, in expansion, the European Union promotes through its Economic Diplomacy the development of new economic sectors and new commercial treaties. As a future member of the European Union, Georgia managed to develop different sectors of its internal economic sector over the years, being also more active in the international markets. The goal of this paper is to present the main characteristics of economic diplomacy and to show how this area is nowadays a strategic instrument of European integration and economic cooperation. This research paper analyzes the development of Georgian Economic Diplomacy, analyzing different commercial treaties signed between Georgia and European Union. Here is also observed the strategic role of Georgian Economic Diplomacy for the development for Georgian economic growth.The paper starts with a description of the main concepts, presenting the main characteristics of economic diplomacy, followed by a general description of the commercial treaties signed between Georgia and European Union. This research continues with a description of Georgian economic diplomacy analyzing its particularities for the last two decades. The last part of this research paper presents a general case study concerning the main particularities of Georgian Economic Diplomacy and its role for economic growth as a strategic tool for European Union Integration and Geoeconomic stability. Overall this paper offers a general analysis of economic diplomacy of Georgia and its role for geo economic cooperation for integration of the country in European Union.

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