The European Union and Georgia signed an Agreement on Partnership and Co-operation (PCA) [171 KB] , which entered into force on 1 July of 1999. The agreement covers all aspects of relations between the EU and Georgia including political co-operation, trade, human rights, democracy, science and technology, education, customs, fight against corruption, transport, energy, telecommunication, environment and culture.
In practical terms the PCA means:
- annual meetings between the European Union and Georgia at ministerial, parliamentary and civil servant levels
- EU companies which invest in Georgia will receive treatment at least as good as any Georgian or any third nation’s company (whichever is better). Likewise any Georgian company which has invested in the EU will be treated as well as European companies
- elimination of trade quotas and Most Favored Nation Treatment at borders
- legally employed workers from the EU and/or Georgia should benefit from non-discriminatory working conditions
- neither EU governments nor the government of Georgia can stop current payments for goods and services nor block direct capital movements from the EU to Georgia and vice versa
- owners of intellectual property can expect to have the equivalent legal protection of their rights in the European Union and Georgia within five years.