Cefta Final
Transcript of Cefta Final
ASEAN Free Trade Area (AFTA)
Central European Free Trade Agreement (CEFTA)
Greater Arab Free Trade Area (GAFTA)
Pacific Island Countries Trade Agreement (PICTA)
South Asia Free Trade Agreement (SAFTA)
North American Free Trade Agreement (NAFTA)
FREE TRADE FREE TRADE AGREEMENTAGREEMENT
Central European Free Trade Central European Free Trade AgreementAgreement Trade agreement signed by Central European
and South Eastern Countries Covers a wide range of trade-related cooperation
including
- Reduction of tariff barriers - Create favorable conditions for cooperation at
the company level, transportation and infrastructure
- Harmonization of energy systems and telecommunication networks
-Free mobility of Capital and Labor.
Free Trade zone by December 2010.
CEFTA AGREEMENTCEFTA AGREEMENT
PARTIES OF AGREEMENT JOINED LEFT
Poland 1992 2004
Hungary 1992 2004
Czechoslovakia 1992 2004
Slovenia 1996 2004
Romania 1997 2007
Bulgaria 1999 2007
Croatia 2003 —
Macedonia 2006 —
Albania 2007 —
Bosnia and Herzegovina 2007 —
Moldova 2007 —
Montenegro 2007 —
Serbia 2007 —
UNMIK-Kosovo 2007 —
ALBANIA BOSNIA AND HERZEGOVNIA
CROATIA MOLDOVA
SERBIA UNMIK/KOSOVO
CURRENT MEMBERS
MACEDONIA
MONTENEGRO
MEMBERSHIP CRITERIAMEMBERSHIP CRITERIA
Membership with WTO
Signing of an Association Agreement with EU
Consent form of all Cefta States
Organisation Structure and Organisation Structure and WorkingWorking
OFFICIAL BODY FUNCTIONS
The Joint Committee Supervise and administer the implementation of the Agreement
Sub-committee on Agriculture and Sanitary and Phytosanitary Issues
Facilitate trade in agricultural products within the region
Sub-committee on Customs and Rules of Origin
Simplify and facilitate customs procedures, stimulate rapid implementation of the common rules of origin in all the Parties
Sub-committee on Technical Barriers to Trade and Non Tariff Barriers
To identify, review and propose measures for elimination of technical barriers to trade and non-tariff barriers among the parties.
CEFTA Secretariat Provide technical and administrative support to the Joint Committee, to any sub-committee, expert group or any other body established by the Joint Committee
OBJECTIVES OF CEFTAOBJECTIVES OF CEFTA
Consolidate in a single agreement trade liberalisation achieved through the network of bilateral free trade agreements
Promote Investment including FDI
Expand trade in goods and services
Foster investment by means of fair, clear, stable and predictable rules
Eliminate barriers to trade
Objectives contd..Objectives contd..
Provide fair conditions of competition affecting foreign trade and investment
Protection of Intellectual property rights
Includes clear and effective procedures for dispute settlement
Provides an excellent framework for the parties to prepare for EU accession
General Obligation General Obligation Applicable to Trade In All Applicable to Trade In All GoodsGoods
Quantitative RestrictionsCustom Duties on ExportsCustom Duties on ImportsCustom FeesConcessions and Agricultural
PoliciesSanitary and Phytosanitary
Measures
New Trade TopicsNew Trade TopicsInvestment
Services
Government procurement
Protection of Intellectual Property Rights
RELATION WITH EUROPEAN RELATION WITH EUROPEAN UNION UNION
CEFTA has served as a preparation for full EU membership
Poland, Czech Republic, Hungary, Slovakia and Slovenia joined EU on 1st May 2004
Croatia expected to join the EU by 2012
A large proportion of CEFTA foreign trade is with EU countries
KEY ECONOMIC AND TRADE KEY ECONOMIC AND TRADE
INDICATORS(2008 INDICATORS(2008))COUNTRIES/PARAMETERS
EXPORTS TO CEFTA( IN € MN)
IMPORTS FROMTO CEFTA( IN € MN)
GDP IN € MN
CEFTA EXPORTS TO GDP RATIO( IN %)
ALBANIA 125 298 8364 1.5
BOSNIA AND HERZEGOVANIA
1529 2916 12649 12.1
CROATIA 2253 1051 47165 4.8
MACEDONIA 922 511 6477 14.2
MONTENEGRO
159 1227 3393 4.7
SERBIA 2458 1216 34055 7.2
KOSOVO 93 705 3804 2.4
BENEFITSBENEFITSReducing/eliminating customs duties
Introducing disciplines on non-tariff barriers to trade among CEFTA 2006 members.
Provisions regulating relationships among its members in new trade areas
Application of the rules of WTO
Abolishing of export subsidies
ISSUESISSUES
THANK YOU