CEFTA: 3 million EUR from the EU to facilitate trade

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The European Union has provided 3 million EUR to fund the new three-year project called “Support to Facilitation of Trade in the CEFTA Region” which will be implemented in Serbia as of today.

Acting head of the EU Delegation to Serbia, Oscar Benedict says that the aim of the project is to further deepen the economic integration of the Western Balkan countries. He adds that a step should be made in the direction of creating a single Western Balkan market, within the CEFTA, that will be a good preparation for the future participation in the single EU Market. Benedict also says that the preparations for adoption of the relevant action plan are underway.

This entails creating the road map that will define the single market for goods, services and capital, free flow of qualified workforce, single digital market and dynamic space for investments. Benedict underlines that the integration of the goods and capital market should be priority that would facilitate faster development for the entire region.

The acting head of the EU Delegation to Serbia also says that, in the last 10 years, the CEFTA has built the trust despite the occasional, very difficult political context.

The main goal of this three-year-project is strengthening commercial ties and deepening the economic integration of the CEFTA members. The project will provide support to all CEFTA structures in an effort to fulfill the obligations stated in the CEFTA Protocol 5 which defines the framework for removal of trade barriers among the CEFTA signatories. Another goal is to additionally facilitate the trade between CEFTA countries by reducing or even eliminating non-customs barriers to trading for two selected supply chains through simplification and facilitation of trade procedures.

(eKapija, 06.04.2017)


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