Please use this identifier to cite or link to this item:
|Title:||Regional potential of CEFTA-2006 and its future challenges||Authors:||Makrevska disoska, Elena
|Keywords:||CEFTA - 2006, Western Balkans, free trade zone, trade, integration||Issue Date:||2014||Publisher:||Integrated Business Faculty – Skopje||Source:||Disoska, E., & Nenovski, T. (2014). Regional Potential of CEFTA 2006 and its Future Challenges. Journal of Sustainable Development, 5(11)||Journal:||Journal for Sustainable Development||Abstract:||The paper analyzes the trade and regional potential of CEFTA-2006. According to the official data, EU trade accounts for more than half of the total foreign trade of each country from CEFTA-2006. Also each of the member states depends on trade exchange of goods only on one or two major trading partners from the region, while the cooperation with the rest of the countries is insignificant. Consequently, since the Croatia exited from CEFTA-2006 in July 2013 and become member of EU, it will cause negative consequences for its most important trade partners in the free trade zone, especially for Bosnia and Herzegovina. Therefore, it is quite understandable why the Western Balkans countries have already lost interest for further trade integration in CEFTA-2006. The conclusion suggests that CEFTA-2006 never really exploit the real economic potential of the region which leaves no choice to the Western Balkans countries. They must persue further integration with the Union, as the only rational decision to avoid pessimistic scenarios for the region.||URI:||http://hdl.handle.net/20.500.12188/4762|
|Appears in Collections:||Faculty of Economics 03: Journal Articles / Статии во научни списанија|
Show full item record
checked on May 28, 2020
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.