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CEFTA 2006 Improving Regional Trade in South Eastern Europe USAID: RCI Annual Forum

Learn about the Central European Free Trade Agreement (CEFTA) 2006, a modern and inclusive FTA aimed at improving regional trade in Southeastern Europe. Explore the key features, including industrial and agricultural goods liberalization, harmonization of trade rules, and more.

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CEFTA 2006 Improving Regional Trade in South Eastern Europe USAID: RCI Annual Forum

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  1. CEFTA 2006 Improving Regional Trade in South Eastern Europe USAID: RCI Annual Forum Bucharest 1 November

  2. Stability Pact for SEE • Political Framework to initiate and develop regional co-operation processes in SEE • Members: SEE countries and territories and the international community • 3 areas of operation: democracy, economic development and justice and home affairs and security

  3. Regional Trade Policy • SP Trade Working Group – SEE countries, EC, WTO, bilateral governments incl USA • 2001: MoU on Trade Policy and Facilitation • 2006: 32 bilateral free trade agreements • 2005: agreement to consolidate bilateral FTAs into a single FTA • April 2006: SEE Prime Ministers meeting – enlargement and amendment of the Central European Free Trade Agreement (CEFTA)

  4. Status of CEFTA Agreement • Four rounds of negotiation between June 2006 and October 2006, chaired by the SP • November 9 2006: Agreement to be initialled • December 19 2006: Agreement to be signed at CEFTA Summit of Prime Ministers in Bucharest • January 2007: EU Accession of Romania and Bulgaria • July 2007: Entry into force – replacing bilateral FTAs

  5. Key Features of CEFTA 2006 • Modern, ambitious and inclusive FTA • Liberalisation of industrial goods – 2008 • Further Liberalisation of agricultural goods • Harmonisation of trade rules and procedures • Reduction of Technical Barriers to Trade • Common system of rules of origin

  6. Key Features of CEFTA 2006 • Investment Promotion • New areas: Trade in services, intellectual property, government procurement • Strengthened dispute settlement mechanism • Strengthened institutional support framework

  7. Other Issues • Non-tariff Barriers incl customs co-operation • Infrastructure • Information

  8. Further Information • www.stabilitypact.org

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