Georgia and Azerbaijan are the Eurasian economies that have improved a lot in terms of competitiveness. The rapid development of the national economies opened up new opportunities for both countries’ integration into the world economy
International Economics contributed to the activities of the inception phase in Azerbaijan and Georgia for the 3-year assistance project: ‘’Eastern Partnership: Ready to Trade – an EU4Business initiative’’.
Azerbaijan and Georgia has shown significant improvements in its business environment. However, it still performs less well in terms of trading across borders. The aim of this project was to help small and medium-sized enterprises (SMEs) from Eastern Partnership countries integrate into global value chains and access new markets with a focus on the European Union (EU). The project is organised around four outputs:
Our team supported the ITC in the inception phase of the ‘’Eastern Partnership: Ready to Trade – an EU4Business initiative’’. We carried the needs assessment of the 6 Eastern Partnership countries and finalised the inception report for each country, the implementation plan and identified in greater depth the activities proposed to support SMEs in each country.
The inception was an opportunity to suggest selection of product groups with export potential in particular for the EU market, identify in each country the potential stakeholders of the project and the key partners that ITC would work alongside to implement activities and the beneficiaries of the activities, including the sectors and MSMEs that the project would focus on.
As businesses seek to expand operations into new markets, the need to explore global supply chains and understand the international regulatory framework becomes crucial. At International Economics Consulting, we build tailor-made strategies for both import and export-oriented business solutions.
