This research report investigates the trade and growth benefits of the CEFTA agreement for its members. Although the countries have not reached their end goal of membership of the European Union, the report shows that CEFTA has supported their economic growth. However, there is trade...

Purpose: The aim of the paper is to evaluate the impact of CEFTA on exports and economic growth and development of its members. Regionalism is attractive to states and especially to developing countries, since they enhance their reliability on reforms to foreign investors and they raise their...

Purpose: The aim of the paper is to evaluate the impact of CEFTA on exports and economic growth and development of its members. Regionalism is attractive to states and especially to developing countries, since they enhance their reliability on reforms to foreign investors and they raise their...

Foreign trade of agro-industrial products and the liberalization of trade exhibits in addition a number of benefits and risks of aggravating circumstances. For food producers in Serbia the process of trade liberalization is a tough competition. This implies the necessity of raising the...

The aim of this paper is to identify the sectors in which the Republic of Macedonia has a comparative advantage in export to the other member states of CEFTA 2006 (Central European Free Trade Agreement). The revealed comparative advantage of the Republic of Macedonia (RM) in relation to other...

This paper studies the economic effects of 'deepening’ the Central European Free Trade Agreement (CEFTA). It combines new information on the content of trade agreements with gravity model estimates of the impact of deep trade agreements, agreements that go beyond the elimination of tariffs and...

The ultimate goal of most European countries, especially of the Western Balkan countries, is to become full members of the European Union (EU). The mentioned countries are included in the Stabilisation and Association Process (with the Stabilisation and Association Agreement (SAA) as its main...

This paper addresses some historical backgrounds, differences of the structure, opportunities, challenges and dilemmas encountered in the implementation of Agreement on amendment of and accession to the Central European Free Trade Agreement, called CEFTA 2006. In the past 13 years,...

After joining CEFTA in 1997, Romania established a relatively stable group of partner countries for its agri-food trade. Several factors contributed to the stability in time of this group, firstly the existence or establishment of preferential trade agreements, the geographical proximity, and...

This paper provides an assessment of the trade performance of Western Balkan (WB) countries with the European Union (EU) countries. The particular focus is on Bosnia and Herzegovina's (BiH) trade potential and an estimation of the effects of the Agreement on Amendment of and Accession to the...

The aim of this paper is to investigate the effects of competing trade regimes on Serbian trade with its most significant (traditional) partners, like European Union and CEFTA 2006 signatories, and other untraditional trade partners with favourable trade regime, like the USA. To this end,...

Countries of the Southeast Europe (SEE) region have witnessed significant economic improvement since the beginning of their transition to market economies in the early 1990s. Growth has been particularly strong in the past six years, but still lower than in other fast growing countries in the...

After the EU accession of the Visegrad countries (the Czech Republic, Hungary, Poland and Slovakia) in 2004 one of the most remarkable developments was a sudden upturn in mutual trade of this region's countries. In 2007 the value of aggregate intra-Visegrad trade was two and a half times higher...

The Central European Free Trade Agreement (CEFTA) was concluded among the countries of Southeastern Europe with the aim to promote further trade integration. The agreement states the objective to 'expand trade in goods and services and foster investment by means of fair, clear, stable and...

This paper analyses the production structure or intra-industry trade specialization (IIT) of the Czech Republic, Hungary, Poland, Slovenia and Slovakia in foreign trade with EU member states from 1995 to 2001 at the five-digit level of the SITC. The results confirmed that former CEFTA countries...

This paper explores the effectiveness of the Central European Free Trade Area (CEFTA) and the Baltic Free Trade Area (BFTA). Estimates from a gravity model and bilateral trade data support the view that both CEFTA and BFTA helped expand regional trade and limit the emergence of a...

The Central European Free Trade Agreement (CEFTA) was concluded among the countries of Southeastern Europe with the aim to promote further trade integration. The agreement states the objective to 'expand trade in goods and services and foster investment by means of fair, clear, stable and...

In general, the competitiveness of an individual enterprise is a matter of its ability to maintain or increase its market share over the longer term. Expressed in different terms, competitiveness is an enterprise's capacity to remain profitable under given market conditions. The same holds true...