Summary

• 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

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