TRADE AND ECONOMIC RELATIONS BETWEEN GEORGIA AND IRAN

Teimuraz Kandashvili

Doctor of Economics,

Professor of Georgian Technical University

Georgia , Tbilisi

E-mail: t.kandashvili@gtu.ge

http://orcid.org/0000-0003-3319-7105

Lela Kochlamazashvili

Doctor of Economics,

Professor of Georgian Technical University

Georgia , Tbilisi

E-mail: l.kochlamazashvili@gtu.ge

http://orcid.org/0000-0002-7952-6587

Tamar Koblianidze

Doctor of Economics,

Professor of Georgian Technical University

Georgia , Tbilisi

E-mail: tamar.koblianidze@gtu.ge

http://orcid.org/0000-0002-5256-548X

Abstract

After gaining independence, the integration of the Georgian economy into the world economic space has become vital. Trade and economic relations have been established with many countries around the world, especially with neighboring countries. The Islamic Republic of Iran was an exception. The purpose of the research of the article is the economic relations between Georgia and the Islamic Republic of Iran. The focus is on the areas that play an important role in the development of bilateral relations.

Georgia's trade and economic relations with the Islamic Republic of Iran have been growing since 2006, but it should be noted that the share of imports far exceeds exports. Encouraging and promoting exports is one of the priorities of the state, but so far, the sectors of the economy, including agriculture, whose export potential is in the country, have not been fully exploited. The paper discusses the recent trade turnover between Georgia and the Islamic Republic of Iran, major export and import groups, and investments.

Keywords: Trade and economic relations, trade turnover, exports, imports, investment.