Search results
The Central European Free Trade Agreement ( CEFTA) is an international trade agreement between countries mostly located in Southeastern Europe. Founded by representatives of Poland, Hungary and Czechoslovakia, CEFTA in 2006 expanded to Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Moldova, Montenegro, North Macedonia, Romania, Serbia ...
Jan 23, 2024 · Central European Free Trade Agreement (CEFTA) aims at enhancing trade in goods and services, seeks to eliminate trade barriers between the Parties and attract investment to the region through fair, stable and predictable trade rules.
People also ask
What is Central European Free Trade Agreement (CEFTA)?
What free trade agreements does the EU have?
Is the European Union a free trade area?
How is a free trade area established?
Documents. Central European Free Trade Agreement (CEFTA) aims at enhancing trade in goods and services, seeks to eliminate trade barriers between the Parties and attract investment to the region through fair, stable and predictable trade rules.
Article 1. Objectives. 1. The Parties shall establish a free trade area in accordance with the provisions of the present Agreement and in conformity with the relevant rules and procedures of the WTO. The free trade area shall be established in a transitional period ending at the latest on 31 December 2010. 2.
The free trade area shall be established in a transitional period ending at the latest on 31 December 2010. 2. The objectives of the present Agreement are to: a. Consolidate in a single agreement the existing level of trade liberalisation achieved through the network of bilateral free trade agreements already concluded between the Parties; b.
Following the fall of the Iron Curtain, two free trade areas were created in Central Europe, the Baltic Free Trade Area (BAFTA) and the Central European Free Trade Agreement (CEFTA), in order to stabilise these countries for membership of the EU.
