FREE TRADE AGREEMENT

Y ASEAN Free Trade Area (AFTA)

YCentral European Free Trade Agreement (CEFTA)

YGreater Arab Free Trade Area (GAFTA)

YPacific Island Countries Trade Agreement (PICTA)

YSouth Asia Free Trade Agreement (SAFTA)

YNorth American Free Trade Agreement (NAFTA)

Central European Free Trade
Agreement
¢ 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 AGREEMENT

‡ Signed by Visegrad countries

‡ Poland, Hungary, Czech, Slovak
Original ‡ Signed on 21st December, 1992 in
Agreement Kakrow, Poland
‡ It entered into force since July 1994

‡ Cefta extended to cover rest of the

South East Euro ean countries
CEFTA ‡ Agreement came into effect from 2 7
2 6 ‡ Areas covered CEFTA- Services,
Investment, Government Procurement,
Intellectual Pro erty Rights
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MEMBERSHIP CRITERIA

¢ Membership with WTO

¢ Signing of an Association Agreement with

EU

¢ Consent form of all Cefta States

 Organisation Structure and Working
M

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The Joint Committee
Sub-committee on Agriculture
and Sanitary and Phytosanitary
Issues
Sub-committee on Customs and
Rules of Origin
Sub-committee on Technical
Barriers to Trade and Non Tariff
Barriers
CEFTA Secretariat
 
Supervise and administer the implementation of the
Agreement
Facilitate trade in agricultural products within the region
Simplify and facilitate customs procedures, stimulate
rapid implementation of the common rules of origin in
all the Parties
To identify, review and propose measures for elimination
of technical barriers to trade and non-tariff barriers
among the parties.
Provide technical and administrative support to the Joint
Committee, to any sub-committee, e pert group or any
other body established by the Joint Committee
OBJECTIVES OF CEFTA
¢ Consolidate in a single agreement trade liberalisation
achieved through the network of bilateral free trade
agreements

¢ Promote Investment including FDI

¢ E pand trade in goods and services

¢ Foster investment by means of fair, clear, stable and

predictable rules

¢ Eliminate barriers to trade

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 e cellent framework for the

parties to prepare for EU accession
General Obligation Applicable to
Trade In All Goods

¢ Quantitative Restrictions
¢ Custom Duties on E ports
¢ Custom Duties on Imports
¢ Custom Fees
¢ Concessions and Agricultural Policies
¢ Sanitary and Phytosanitary Measures
 New Trade Topics
¢ Investment

¢ Services

¢ Government procurement

¢ Protection of Intellectual Property Rights

RELATION WITH EUROPEAN
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 e pected to join the EU by 2012

¢ A large proportion of CEFTA foreign trade

is with EU countries
 KEY ECONOMIC AND TRADE
INDICATORS(2008)
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ALBANIA 125 298 8364 1.5
BOSNIA AND 1529 2916 12649 12.1
HERZEGOVA
NIA
CROATIA 2253 1051 4 165 4.8
MACEDONIA 922 511 64 14.2

MONTENEGR 159 122 3393 4.

O
SERBIA 2458 1216 34055 .2
KOSOVO 93 05 3804 2.4
 BENEFITS
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¢ Application    WTO

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ISSUES
¢ THANK YOU