cefta 2006 improving regional trade in south eastern europe usaid: rci annual forum bucharest 1...
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CEFTA 2006 CEFTA 2006 Improving Regional Trade in South Eastern EuropeImproving Regional Trade in South Eastern Europe
USAID: RCI Annual Forum USAID: RCI Annual Forum Bucharest 1 NovemberBucharest 1 November
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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
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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)
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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
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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
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Key Features of CEFTA 2006
Investment Promotion New areas: Trade in services, intellectual
property, government procurement Strengthened dispute settlement mechanism Strengthened institutional support framework
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Other Issues
Non-tariff Barriers incl customs co-operation
Infrastructure
Information