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Prospects of CEFTA

Prospects of CEFTA. Objectives. CEFTA 2008 - 2011. CEFTA 2012 - 2015. Strategic partnerships deepened Investment Supply chains Transportation channels CEFTA implementation focused on Liberalisation of trade in services Elimination of NTBs Trade Facilitation Transparency.

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Prospects of CEFTA

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  1. Prospects of CEFTA

  2. Objectives CEFTA 2008 - 2011 CEFTA 2012 - 2015 Strategic partnerships deepened Investment Supply chains Transportation channels CEFTA implementation focused on Liberalisation of trade in services Elimination of NTBs Trade Facilitation Transparency • All commitments and deadlines met • Liberalisation of trade in goods • Diagonal cumulation • Opening of PP Market • TBT notification • State Aid notification • IPR review • Non-discrimination in Investment • CEFTA Trade Portal

  3. Challenges for the years to come • In 2012 – 2015, implementation of CEFTA is involving the domains for which • Objectives of liberalisation are not explicitly set up by the Agreement; • Ministries responsible for Trade might not always have a direct mandate over these domains, thus requiring involvement of other governmental bodies (e.g. elimination of NTBs, trade facilitation, liberalisation of trade in services, etc.); • These areas require technically complex discussions, as well as coordinated efforts of both policy making Ministries and law enforcement authorities at the same time; • As a consequence, the projects and initiatives to support the implementation are also getting technically demanding and increasingly complex. • Trade policy alone is not sufficient to optimise the impact of regional trade liberalisation and European integration.

  4. Assumptions • Harmonisation efforts within CEFTA are aligned with the common objective to join the EU. • All decisions are promoting and not in anyway jeopardising the accession process of respective Parties. • No CEFTA specific standards or practice are introduced.

  5. “CEFTA Approach” • Analyse trade flows • Assess existing and potential barriers to trade • Articulate respective Parties interest • Identify potential area of multilateral/plurilateral interest • Cross-check with the respective EU accession priorities/plans • Agree on the scope of CEFTA negotiations

  6. Key Success Factors • Strategic view– understanding strategic importance of trade and strengthening regional cooperation/partnerships • by the Parties in the context of their economic development, regional cooperation and accession to the EU • by the donors in the context of the impact of trade on promoting economic development in the Region • Coordination – efficient coordination required • among the Parties in the negotiations • within respective Parties administrations to develop Parties’ positions • between the Parties and the Secretariat to execute action • between the Parties, the Secretariat and international partners to seek for synergies and prevent overlapping of efforts • Sustainability – ensuring sustainability of the process as a prerequisite to success • discipline of all actors in programming and implementation of priorities • regular participation and appropriate representation in official meetings • active involvement in agreed activities • financial discipline

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