The Influence of European Neighbouring Policy Upon the Economic Development of Georgia

PurposeThe main goal of the paper is to evaluate the impact of the effective neighbouring policy of Europe on the economy of Georgia.MethodologyDuring the working processes there were applied the methods of analysis, synthesis, induction, deduction, statistical observation and grouping.ResultsUnder the existing conditions for the relationships between Georgia and European Union there will be outlined the sharply defined legislative frames, the regulations of the inner market will introduce the modern standards in the field of industrial product and food safety, and the trade system will be formed to be compatible with the requirements of the market of European Union; Georgia will become the attractive country for investments. There will be revealed new possibilities in the direction of trade not only between Georgia and European Union but among other countries of the world as well.