EUROMED Invest Academy in Serbia - “Cooperation - Complementarity between the South Mediterranean and the Western Balkans”

CEFTA as a key regional player for development

of global economic cooperationZoran Bojović, PhD, Head of Multilateral Department

25-27 March 2015 - Belgrade

MEMBERS OF CEFTA AGREEMENT

Albania

Bosnia i Herzegovina

Montenegro

Macedonia

Moldova

Serbia

UNMIK/Kosovo

CEFTA IS A MODERN REGIONAL FREE TRADE AGREEMENT

Multilateral Agreement - replaces 32 bilateral, signed in December 2006 and came into force in 2007

Abolishment of customs - free trade zones , The mechanism of protection - of dumping, subsidies, and

excessive imports The system of diagonal cumulation of origin, Regulates and services, investment, competition, public

procurement, state aid, intellectual property protection, Established an effective dispute settlement mechanism, Institutional framework - a permanent secretariat, a joint

committeeProvides for mandatory compliance regulations with WTO

members.

CARACTERISTICS OF CEFTA PARTIES

• Smal economies• Small volume of the mutual trade, and larger trade with EU• Not competitive • Low value of export structure• Foreign trade deficit• Unadequate quality of infrastructure• Low financial capacity • High level of grey economy

NON-TARIFF AND TECHNICAL BARRIERS TO TRADE IN THE CEFTA REGION

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.Source: CEFTA Statistics www.cefta.int

ACTIVITIES OF CCIS ON ELIMINATION OF NTBs AND TBTs

Chamber of Commerce and Industry of Serbia www.pks.rs

ACTIVITIES OF THE CHAMBERS OF COMMERCE AND INDUSTRY ON IMPLEMENTATION OF THE CEFTA AGREEMENT

Forum of the Chambers of CEFTA Parties

WG on agriculture and SPS issues

WG on customs issues and origin of goods

WG on NTBs and TBTs

WG on trade in services

ACTIVITIES OF CCIS ON IMPLEMENTATION OF CEFTA

Cooperation with competent state authorities of the Republic of Serbia

Cooperation with Chambers of Commerce and Industry within DIHK-CEFTA Project

Cooperation with international organizations:

ACTIVITIES OF CCIS WITHIN DIHK-CEFTA PROJECT

PRIORITIES OF CEFTA IN 2015 – MOLDOVAN PRESIDENCY

Free trade zone Competitive economic environment Integration into the world economy Maintaining synergy between implementation of CEFTA i and SEE Strategy 2020

More information:

www.cefta.int www.ceftatradeportal.com www.ceftaspsdatabase.info