It came into force in July Through CEFTA, participating countries hoped to mobilize efforts to integrate into Western European institutions and through this, to join European political, economic, security and legal systems, thereby consolidating democracy and free-market economics. The agreement was amended by the agreements signed on 11 September in Brno and on 4 July in Bled. Therefore, it was decided to extend CEFTA to cover the rest of the Balkan states, which already had completed a matrix of bilateral free trade agreements in the framework of the Stability Pact for South Eastern Europe. The aim of the agreement was to establish a free trade zone in the region by 31 December This resulted in a trade blockade from Serbia and Bosnia that do not recognise the Republic of Kosovo.
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Through this work it will be shown the contribution agreement for economic activities in Bosnia and Herzegovina. The main contribution is increasing in trade among the member countries of the agreement and preparing for full membership in the EU, also adapting to the standards and conditions in the EU market.
This statement is characteristic also and for Bosnia and Herzegovina. With the application of other trade agreements the basic goal of Bosnia and Herzegovina trough implementation of CEFTA is to extent adequate preparation for accession to full membership of the European Union.
This agreement is an agreement on free trade in industrial goods and most agricultural goods between member states, the agreement defines the equal treatment of domestic and foreign investors, as well as the openness of public procurement markets. Certain studies prove positive direct and indirect effects of CEFTA Agreement on economic growth, the objective of the study is to confirm the link between the services and the productivity of the manufacturing companies that rely on the services sector as an input product.
This paper will indicate the impact of the agreement on the economic development in Bosnia and Herzegovina, in terms of trade relations with member states of the European Union and member countries of the CEFTA agreement. Key words: Economic integrations, Europian Union. Skip to main content. Puni tekst:. Broj u godini:.
Central European Free Trade Agreement