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Policy Briefing 03/2020

Reviewing the Impact of the COVID-19 Pandemic on Foreign Direct Investment (FDI) and the Initial Responses of Investment Promotion Agencies (IPAs)


The economic effect of the DCFTA on Ukraine, Moldova and Georgia. A comparative analysis


  • In 2014, the EU signed deep and comprehensive free trade agreements (DCFTAs) with Ukraine, Moldova and Georgia
  • We estimate the economic effect of the DCFTA on the three countries by comparing relevant indicators in 2018 with 2013
  • Afterwards we compare the effect between countries
  • The overall effect of the DCFTA seems to be positive, but major differences exist between the countries
  • The strongest effect clearly relates to exports; the effect on FDI is so far rather weak