Central European Free Trade Agreement (Cefta)

Many non-tariff measures have been identified and are governed by the General Agreement on Tariffs and Trade (GATT), such as quantitative restrictions. B; others, in particular. B, import licences; Technical barriers to trade as well as health and plant health measures are covered by other multilateral agreements of the World Trade Organization (WTO). As a result of the necessary ratification procedures, this new FTACE came into force in all areas between July and November 2007. The speed with which they ratified the agreement demonstrates the parties` faith in the importance of the FTACE in promoting economic development and the EU accession programme in the region. Several studies and benchmarks to measure the perception of trade barriers in the CeFTA region refer to the trade facilitation environment in the CTAA region. For example, the World Bank`s „border crossing“ indicators indicate that the parties to the CTAE are doing better than other economies in transition in terms of the time and costs associated with the logistics process of exporting and importing goods. Albania, Serbia and the former Yugoslav Republic of Macedonia are the best results, indicating that, according to these indicators, traders face less procedural barriers to trade in these economies. The ALECE region has embarked on the ambitious task of removing administrative barriers to trade. The fact that half of the contracting parties to the CTATA are not members of the WTO is a significant challenge and that the TFA is not directly applicable to them.

That is why the region has developed a particular instrument: the Trade Facilitation Protocol (Additional Protocol 5 of the CTA). The author, Dr. Predrag Bjelic, is a professor of international business; Head of the Department of International Economics at the Belgrade Faculty of Economics and academic coordinator of UNCTAD courses on key issues of the International Economic Agenda (paragraph 166 courses) for economies in transition. On 19 December 2006, in Bucharest, under the presidency of Romania, the Central European Free Trade Agreement was profoundly amended and its membership was expanded to create the FTACE in 2006 – a modern and ambitious free trade agreement with six new parties in south-eastern Europe. Today, the watchword in international trade is trade facilitation. Trade-related administrative and procedural measures can significantly hamper the efficiency of the flow of goods across national borders. The new WTO Trade Facilitation Agreement was developed to strengthen multilateral provisions to eliminate, within the WTO legal framework, the effects of these measures on trade barriers. Note: The TFA provides for the categorization of trade facilitation measures into three categories (A, B and C) relating to each country`s implementation capacity.