Challenges and implications of the DCFTA agreements between the EU and Georgia, Republic of Moldova and Ukraine

Client/Funding Institution

Bertelsmann Stiftung


In a joint research project of the Bertelsmann Stiftung and the Vienna Institute for International Economic Studies A. Adarov and P. Havlik analysed the benefits and costs of the DCFTAs between the EU and Georgia, Moldova and Ukraine and proposed recommendations for the European Neighbourhood Policy. The analysis suggests that the net benefits are highly asymmetric along the time dimension (high costs in the short and medium run – benefits accruing mostly in the longer run), as well as across regions and economic sectors (less competitive sectors and regions will face particularly onerous adjustment costs). In the light of the macroeconomic and geopolitical challenges the DCFTA countries have been facing, this may jeopardise progress of reforms.


July 2016 - September 2017

wiiw team Leader

Amat Adarov

wiiw Staff

Amat Adarov, Peter Havlik, Artem Kochnev


External Publications

wiiw News (June 2017)
wiiw News (January 2017)
Bertelsmann Stiftung (in English)
Bertelsmann Stiftung (in English)

Related News

Countries covered: Georgia, Moldova, Ukraine

Research Areas: International Trade, Competitiveness and FDI