CURRENT ISSUES OF CUSTOMS AND TARIFF REGULATION

Aleko Meladze E-mail: [email protected] Doctor of business administration, Batumi Shota Rustaveli state University Batumi, Georgia https://orcid.org/0000-0002-5781-2371 Abstract: The article presents a discussion of several important and relevant issues of customs and tariff regulation of Georgia, which is based on the study of the modern situation and its analysis. The paper aims to study such important aspects of the tariff method of customs policy implementation in Georgia, which serve to deal with the modern challenges of protecting the domestic market from foreign goods competition. Due to the low customs tariffs and the small number of customs taxes in Georgia, imported products are often sold at a lower price compared to local products, therefore the society also consumes goods imported from other countries, which causes significant damage to local production and the business sector in general. The study of the current situation and the analysis of statistical data reveal that the current directions of customs-tariff regulation only have a fiscal effect for the country and do not (cannot) bring significant results in terms of export stimulation and protectionism of domestic producers. The paper proposes legally recognized and scientifically substantiated methods of customs-tariff regulation, which in the long term ensure the improvement of the export-import balance, the increase of the specific share of local taxes in the revenue part of the state budget in relation to import-related taxes, the stimulation of local producers, the development of the business sector and the encouragement of exports. Keywords: foreign trade; customs regulation; customs policy; customs and tariff regulation; import duties; Budget revenues. JEL classification: M48; M19