Cefta Agreement Kosovo

The agreement was amended by the agreements signed in Brno on 11 September 1995 and in Bled on 4 July 2003. All parties to the original agreement had now joined the EU, leaving the FTACE. It was therefore decided to extend the FTACE to other Balkan countries that had already concluded a matrix of bilateral free trade agreements under the Stability Pact for South-Eastern Europe. On 6 April 2006, at the Summit of The Prime Ministers of South-Eastern Europe in Bucharest, a joint declaration on the extension of CEFTA to Albania, Bosnia and Herzegovina, Moldova, Serbia, Montenegro and UNMIK (on behalf of Kosovo) was adopted. [3] Ukraine`s accession was also discussed. [4] The new expanded agreement was signed in Brussels on 9 November 2006 and signed on 19 December 2006 at the Summit of The Prime Ministers of South-Eastern Europe in Bucharest. [5] The agreement came into force on 26 July 2007 for Albania, Kosovo, Moldova, Montenegro and Northern Macedonia, 22 August for Croatia, 24 October for Serbia and 22 November 2007 for Bosnia and Herzegovina. The aim of the agreement was to create a free trade area in the region by 31 December 2010. Kosovo`s Minister of Trade and Industry, Endrit Shala, has issued a new alert specifically to Albania and Northern Macedonia for violations of the CEFTA agreement. Shala also said that measures will be introduced against any COUNTRY in the ALECE that violates the agreement. All the former participating countries had already signed association agreements with the EU, so the FTACE effectively served as a preparation for full membership of the European Union. Poland, the Czech Republic, Hungary, Slovakia and Slovenia joined the EU on 1 May 2004, followed by Bulgaria and Romania on 1 January 2007. Croatia joined the EU on 1 July 2013.

The original agreement, signed in 1992 in Poland, clearly states in Article 5 that “no new effect tax equivalent to an import tariff is introduced in trade between the contracting parties.” This website provides a wide range of information on ALECE 2006, including the organizational structures that control the operation of the agreement; The text of the agreement and all the decisions of the joint committee; information on the new trade themes covered by this agreement, as well as on the various projects and studies that facilitate implementation; and a description of the various partners who assist the parties to the CTAA in their efforts to develop trade and investment.