CEFTA 2006 – Effects, challenges and opportunities

Miteva-Kacarski, Emilija (2012) CEFTA 2006 – Effects, challenges and opportunities. Trends and Challenges in the Economic Development, University of Economics-Varna.

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Free trade agreements are well known in the theory for the static and dynamic effects that they produce for their member-states. In circumstances when all countries are striving for faster integration in the European Union and they must use all available potentials, primarily for the accelerated economic growth, the process of integration of the existing bilateral free trade agreements into a single regional agreement, in this case CEFTA 2006, was a logical step. The CEFTA 2006 is a comprehensive free trade agreement (FTA) between Southeast Europe (SEE) countries. It provides fully liberalized trade in manufactured goods and largely free trade of agricultural goods, aiming at supporting trade and investment among member countries. The Agreement augmented 32 previous bilateral free trade agreements between SEE countries. CEFTA 2006 presents a new ground for improvement of the regional cooperation. It is a given opportunity that should not be neglected. Member-states should put all their efforts in overcoming various political and other obstacles and make this agreement work and bring out all the opportunities it has to offer. Under the threat of the world economic crises that seems to be much more serious than we would like to admit, the full enforcement of the multilateral agreement on the Balkans could be crucial for the economic survival of its individually small-capacity economies.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Emilija Miteva
Date Deposited: 07 Dec 2012 08:58
Last Modified: 07 Dec 2012 08:58
URI: http://eprints.ugd.edu.mk/id/eprint/3150

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