Impact of Regional integration on Trade and Economic Cooperation – a key study of Georgia and Azerbaijan

The South Caucasus is a unique small and densely populated region in the southern part of Caucasus. It consists three independent states - Georgia, Azerbaijan Armenia. Georgia actively engaged Peaceful Neighborhood Initiative strives to deepen political economic relations with countries based on sovereign interests. In these processes, strengthening mutually beneficial, trust-based cooperation Republic special interest Georgia. After collapse Union Soviet Socialist Republics (USSR) regaining independence by Azerbaijan, completely new phase diplomatic began between two which grew into strategic partnership. Territorial proximity establishment have prompted dynamic development trade countries, increases degree urgency study. presented paper focuses priority areas Azerbaijan. However, at present stage economics politics are so closely interrelated that it impossible draw line them. Therefore, order achieve purpose paper, first chapter while following chapters study analyze bilateral services; addition, intensity index calculated; importance investments from Georgian economy assessed; transnational energy transport projects proposed Azerbaijani governments discussed; growing role as hub both offshore onshore components assessed. noted dynamics show readiness further develop cooperation. some suggestions will be helpful for increase scale assist deepening involvement world integration processes proposed. We believe enhance research discussion and, most importantly, ensure support this kind