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Integrated Growth Pillar 1 of the SEE 2020 Strategy SEEIC Meeting Sarajevo, 19 June 2013.

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Presentation on theme: "Integrated Growth Pillar 1 of the SEE 2020 Strategy SEEIC Meeting Sarajevo, 19 June 2013."— Presentation transcript:

1 Integrated Growth Pillar 1 of the SEE 2020 Strategy SEEIC Meeting Sarajevo, 19 June 2013

2 CEFTA SECRETARIAT Background Focusing on growth the SEE 2020 Strategy (further SEE 2020) recognises trade and investment as core components of economic development agenda for the region Five out of eleven agreed headline targets of the SEE 2020 are trade and investment related. At the last CEFTA Joint Committee meeting in November 2012, the Ministers endorsed active involvement of the CEFTA Structures in the SEE 2020. CEFTA Structures are leading the on-going programming and are expected, to take over implementation of the Integrated Growth pillar in agreement with RCC, overall coordinator for the SEE 2020. Following a decision of the CEFTA Deputy Ministers at the CEFTA Strategic Meeting on 19 March 2013, the Secretariat has developed a draft strategic document for discussion at the CEFTA meetings in the period April – June 2013.

3 CEFTA SECRETARIAT Increase regional GDP PPP per capita from 38% to 46% of the EU-27 average Grow the region’s total value of trade in goods and services by more than 130% Reduce the region’s trade deficit from 14.1 to 11.6 % of regional GDP Overall Strategic Goals Increase intra-regional trade in goods by more than 230% Increase overall FDI inflows to the region by at least 120% Integrated Growth Increase GDP per person employed by 33% Smart Growth Increase the rate of enterprise creation to 20% Increase exports of goods and services per capita from the region by 130% Sustainable Growth Increase the overall employment rate by 12% Add 300.000 highly educated people to the region’s workforce Inclusive Growth Increase government effectiveness by 20% by 2020 Governance for Growth SEE 2020 Headline Targets

4 CEFTA SECRETARIAT Approach to Programming (1) Draft strategic document The draft document prepared by the CEFTA Structures in consultation with RCC and OECD on behalf of SEEIC, represents a strategic framework identifying key intervention areas with defined actions needed to support achievement of the SEE 2020 headline targets. The proposed Integrated Growth agenda promotes interdependence, interaction and synergies of the SEE 2020 with the implementation of CEFTA and the EU accession process. Proposed measures, instruments and actions address issues of regional dimension and relevance aiming at benefits in harmonising legislation/processes among the Parties in full compliance with the EU accession and/or optimisation of resources/institutions at the regional level.

5 CEFTA SECRETARIAT Kew Areas of Intervention... Integrated Growth Free Trade Area Free flow of goods Free flow of Services Free flow of Investment Free flow of skilled labour Competitive Economic Environment Competition Policy IPR Public Procurement Integration into Global Economy Market Access Participation in Global Supply Networks CapacityTransparency Data availability and quality

6 CEFTA SECRETARIAT Approach to Programming (2) Programming process Consultation on the draft strategic document has involved directly over one hundred officials and civil servants attending CEFTA official and expert meetings in the period April – June 2013 as well as relevant partners e.g. RCC and OECD. After the first draft has been discussed collected inputs were incorporated into the document, and presented for endorsement at the regular CEFTA Deputy Ministers meeting on 18 June 2013. In the period from June to October 2013, specific programmes with tentative budgets and governance scheme for the implementation of the Integrated Growth pillar are to be defined. In coordinated by RCC, the CEFTA Structures will participate in consolidating the five pillars strategic documents into one single strategy to be adopted in November 2013.

7 CEFTA SECRETARIAT Approach to implementation (1) The approach is based on two fundamental premises: Develop optimal institutional and legal arrangement to enable achievement of agreed regional goals in the field of trade and investment, and Ensure efficient use of available resources, both human and financial. The approach is therefore proposing : Consolidation of CEFTA implementation with Integrated Growth agenda, and Efficient use of existing CEFTA structures and processes in the context of the SEE 2020.

8 CEFTA SECRETARIAT Approach to implementation (2) Institutional framework It is assumed that well functioning CEFTA Structures, representing a genuine forum for all trade related discussion in the region, serve as implementation structure for the Integrated Growth, Pillar 1 of the SEE 2020, thus avoiding any duplication of efforts in the domain of trade and investment. It is recognised that CEFTA as a comprehensive regional free trade agreement, designed as an integral and complementary part of CEFTA Parties pre-accession agenda, provides strong legal basis for policy formulation and implementation in key intervention areas related to trade and investment. Relevant legal basis, required full consensus in decision making and well defined mandate of respective bodies at all levels (from experts to ministers) inherently demand articulation of respective national positions and are thus the best guarantee that the agreed regional goals are by definition aligned with respective national objectives.

9 CEFTA SECRETARIAT “Value added” of the SEE 2020 Strategy Places trade in a strategic context of economic development and growth agenda for the Region; Headline targets quantified – measurable indicators allowing for corrective action; Strategic importance of trade and investment in the economic development of the Region clearly recognised – 5 out of 11 headline targets are trade and/or investment related; Promotes importance of intra-regional trade (230% intraregional trade in goods versus 130% of total trade in goods and services); Facilitates synergies among related policies e.g. Trade, Competitiveness and Transport policies; Allows to conceptualise market access strategies in a wider context/wider region.


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