1. The Three Seas Initiative and Georgia: Perspectives and Challenges
- Author:
- Grigol Julukhidze
- Publication Date:
- 01-2021
- Content Type:
- Commentary and Analysis
- Institution:
- Georgian Foundation for Strategic International Studies -GFSIS
- Abstract:
- The Three Seas Initiative (3SI) aims to strengthen ties in the region of the wider Central Europe (between the Baltic, Adriatic and Black Seas) which creates a solid foundation for economic development in terms of energy, transport, digital communication and the economy. It was established as a forum for cooperation between 12 countries: Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, and Hungary. The area comprising the countries belonging to the Three Seas Initiative constitutes almost one-third of the total area of the European Union. Over 112 million people live there. The region is experiencing stable economic growth and a limited unemployment rate. The priority for the 3SI is to build a coherent and well-integrated infrastructure in Central Europe which will render the possibility to make up for development lags resulting from historical events. As a result, the infrastructural and economic inequalities of the common European market will be reduced and this will limit the division of the EU into less and more developed areas of integration. The most important added value of the Initiative is the assurance of political support at the highest level of state authorities for investments which have so far been a neglected field of cooperation between the Central European countries. The Three Seas is, therefore, pro-European and complementary to the existing regional cooperation formats (Ministerstwo Spraw Zagranicznych, 2020).
- Topic:
- Energy Policy, Communications, Infrastructure, and Economic Development
- Political Geography:
- Poland, Lithuania, Estonia, Bulgaria, Romania, Hungary, Georgia, Croatia, Latvia, Austria, Czech Republic, Slovenia, and Slovakia