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CEFTA 2006 Renata Vitez Director Regional Cooperation Council WESTERN BALKANS IN 2020 Sarajevo, 24-25 February 2010.

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Presentation on theme: "CEFTA 2006 Renata Vitez Director Regional Cooperation Council WESTERN BALKANS IN 2020 Sarajevo, 24-25 February 2010."— Presentation transcript:

1 CEFTA 2006 Renata Vitez Director Regional Cooperation Council WESTERN BALKANS IN 2020 Sarajevo, February 2010

2 CEFTA 2006 CEFTA 2006 consolidates 32 previous bilateral free trade agreements in South East Europe. The Agreement on Amendment to and Accession to the Central European Free Trade Agreement (CEFTA 2006) was signed in Bucharest in December An agreement called CEFTA implies … the Parties aim … to accede to the EU and that CEFTA is a proven route to accession … (Preamble) … because intra-regional free trade is part of pre-accession process to EU (SAAs). The modernised CEFTA is the first internationally binding treaty signed by the SEE countries themselves; successful implementation is vital both economically and politically. CEFTA Secretariat

3 WTO Membership Stabilisation and Association Agreements (SAA) CEFTA Parties CEFTA Process CEFTA Secretariat

4 CEFTA 2006 provides … Full conformity with WTO Free trade up-front in all industrial products and many agricultural products (> 90%) Modern provisions on trade-related issues Evolutionary clauses on new trade issues Mechanisms for implementation and dispute settlement Harmonisation with EU acquis and a pre-accession track CEFTA Secretariat

5 Intra-regional exports have increased substantially since 2003 CEFTA Secretariat Source: The World Bank

6 The impact of the crisis on trade flows CEFTA Secretariat * World Bank, data for Albania, Montenegro and UNMIK/Kosovo are for January-March period, and data for BiH, Croatia, FYR Macedonia and Serbia for January-April period

7 CEFTA Trade Dynamics, 2009/2008 (I-VI) CEFTA Party TRENDS IN INTRA-REGIONAL TRADE In % Trends in Total CEFTA Trade 2009 (2008) in % AGRICULTUREnon-AGRICULTURE IMP From CEFTA EXP To CEFTA IMP From CEFTA EXP To CEFTA IMPEXP Albania UP 8.47 down down down 7.1 (7.0) 26.3 (6.1) Bosnia and Herzegovina 0.7 UP UP 44.1 down 24.3 down 26.3 (29.2) 37.9 (36.6) Croatia 30.4 UP 11.3 UP 33.7 down 40.7 down 4.8 (4.7) 20.1 (23.9) Macedonia 8.3 down 3.8 down 27.2 down 100 down 22.4 (11.1) 5.2 (34.5) Moldova 7.7 down UP 56.3 down 78.9 down 0.29 (0.38) 0.74 (0.73) Montenegro 10.4 down 32.8 down 39.8 down 33.9 down 53.4 (49.2) 40.2 (34.6) Serbia 4.3 down 2.0 down 41.5 down 31.1 down 7.2 (7.8) 36.1 (33) UNMIK/ Kosovo 85.8 down 45.4 down 90.5 down 71.0 down 4.8 (46.4) 25.0 (37.4) Sources: CEFTA National Statistics Offices CEFTA Secretariat

8 Priorities of the Chairmanship of Serbia in 2010 The Serbian Chairmanship in 2010 focuses on the following priority areas: Potential launching of liberalisation in services, Creating conditions to intensify investment, Conducting the first review on public procurement legislation and The first review on competition rules and practices. The priorities were indorsed by the Joint Committee in Podgorica on 29 October CEFTA Secretariat

9 2 nd Year of implementation Chairmanship programmes are ambitious. Results in 2009 are encouraging, especially the agreed liberalisation in agricultural trade. Concrete initiatives/projects have been launched to support the implementation of respective Chairmanship priorities. Co-operation with regional and international partners is excellent. CEFTA Week involved over 140 participants in a variety of CEFTA related seminars and workshops. Chairmanship programmes are ambitious. Results in 2009 are encouraging, especially the agreed liberalisation in agricultural trade. Concrete initiatives/projects have been launched to support the implementation of respective Chairmanship priorities. Co-operation with regional and international partners is excellent. CEFTA Week involved over 140 participants in a variety of CEFTA related seminars and workshops. Differences in pace and status in the EU accession process is perceived as impediment to further liberalisation. Due to difficult economic situation further protectionist pressures can be expected. Participation of UNMIK/Kosovo in CEFTA structures remains an issue. Budget restrictions may affect participation in joint projects /activities. Differences in pace and status in the EU accession process is perceived as impediment to further liberalisation. Due to difficult economic situation further protectionist pressures can be expected. Participation of UNMIK/Kosovo in CEFTA structures remains an issue. Budget restrictions may affect participation in joint projects /activities. CEFTA Secretariat

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