CEFTA 2006 – Challenges and Opportunities
CEFTA 2006 – Challenges and Opportunities

Contributor(s): Vladimir Međak (Editor)
Subject(s): Politics / Political Sciences, Politics, International relations/trade, Inter-Ethnic Relations
Published by: ISAC - Centar za međunarodne i bezbednosne poslove
Keywords: CEFTA 2006 Agreement; Regional Trade Integration; European Union Accession; Western Balkans Cooperation; Trade Liberalization; World Trade Organization
Summary/Abstract: At the time of the government change in 2000, Republic of Serbia’s economic and trade relations with foreign countries were extremely unsatisfactory. Economic ties that the Socialist Federal Republic of Yugoslavia (SFRY ) had been developing for 45 years were severed and most positions won in foreign markets lost. Trade with rest of the world was at a very low level. Serbia was excluded from multilateral trade arrangements and prevented from participating in the European integration processes of the 1990s – isolation, as well as the destruction caused by the 1999 bombing, severely handicapping its economy. In such circumstances, in the wake of the October 5 2000 change of government, Serbia embarked on re-establishing the severed economic ties and returning to world markets. The process, 11 years later, is still under way since Serbia is still negotiating its membership in the World Trade Organization (WTO).

• Details
• Contents