Cefta Grand Finale

8/8/2019 Cefta Grand Finale

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G ROUP M EMBERS

SHEETAL CHAUDHARY SHRADDHA S AVANT

SMRITI GUPTA N ANDITA J OBANPUTRA

R INKU B ANSWANISHARDUL DESAI

R ITIKA D AYAL A ARUSHI K APUR

ROHAN T AMANEKAR VISHAL A NAND S HARMA

CENTRAL EUROPEANFREE TRADEAGREEMENT


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F REE TRADE AGREEMENT

Free movement of goods & services

ASEAN Free Trade A rea ( A F TA)

Central Eu ropean Free Trade A greement ( CE F TA)

Greater A rab Free Trade A rea ( GA F TA)

P acific Island Cou ntries Trade A greement ( PICTA)

Sou th A sia Free Trade A greement ( SA F TA)

N orth A merican Free Trade A greement ( NA F TA)


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CENTRAL E UROPEAN F REE TRADE A GREEMENT

y Trade agreement signed by Central Eu ropean and Sou thE astern Cou ntries

y Covers a wide range of trade-related cooperation incl u ding

- Red u ction of tariff barriers- Create favorable conditions for cooperation at the

company level, transportation and infrastr u ct u re

- H armonization of energy systems and telecomm u nicationnetworks

-Free mobility of Capital and Labor.

y Free Trade zone by December 2010.


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CE F TA A GREEMENT

S igned by Visegrad co u ntriesP oland, Hu ngary, Czech, S lovakiaS igned on 21 st December, 1992 inK akrow, P oland

I t entered into force since Ju ly 1994

O riginal A greement

1992

C efta extended to cover rest of the

Sou th E ast Eu ropean co u ntriesA greement came into effect from2007A reas covered CE F TA - Services,Investment, GovernmentP roc u rement, Intellect u al P ropertyRights

CE F TA 2006


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E VOLUTION O F CE F TA

1992 E stablishment of CE F TA with 4 member co u ntries

1999 Bu lgaria becomes a member of CE F TA ( Slovenia &Romania- existing members at this time )

2004 5 member co u ntries of CE F TA join EU , CE F TA shrinks

2006 A t the Sou th E ast Eu rope P rime Ministers Su mmitin Bu charest- declaration on expansion of CE F TA

2007 CE F TA 2006 with 8 new member co u ntries comesinto effect


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PARTIES OF AGREEMENT JOINED LEFT

P oland 1992 2004

Hu ngary 1992 2004

Czechoslovakia 1992 2004

Slovenia 1996 2004

Romania 1997 2007

Bu lgaria 1999 2007

Croatia 2003

Macedonia 2006

A lbania 2007

Bosnia and H erzegovina 2007 Moldova 2007

Montenegro 2007

Serbia 2007

UNMIK -K osovo 2007


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ALBANIA BOSNIA AND HERZEGOVNIA

CROATIA MOLDOVA

SERBIA UNMIK/KOSOVO

CURRENT M EMBERS

MACEDONIA

MONTENEGRO


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M EMBERSHIP CRITERIA

Membership with WTO

S igning of an A ssociation A greement with EU

Consent from all of CE F TA S tates


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ORGANISATION S TRUCTURE

JOINT COMMITEE

CEFTA Secretariat

SUBCOMITTEE- Agriculture and Sanitaryand Phytosanitary

Issues

SUBCOMITTEE-Customs and Rules of Origin

SUBCOMITTEE-Technical Barriers toTrade and Non Tariff

Barriers


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F UNCTIONS

OFFICIAL BODY FUNCTIONS

The J oint Committee Su pervise and administer the implementation of the A greement

Su b-committee on A gric u lt u re and S anitaryand P hytosanitary Iss u es

Facilitate trade in agric u lt u ral prod u cts withinthe region

Su b-committee on Cu stomsand Ru les of Origin

Simplify and facilitate c u stoms proced u res,stim u late rapid implementation of the commonr u les of origin in all the P arties

Su b-committee on TechnicalBarriers to Trade and N onTariff Barriers

To identify, review and propose meas u res forelimination of technical barriers to trade and non-tariff barriers among the parties.

CE F TA S ecretariat P rovide technical and administrative s u pport tothe J oint Committee, to any s u b-committee,expert gro u p or any other body established by the

J oint Committee


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OBJECTIVES OF CE F TA

y Consolidate in a single agreement tradeliberalisation achieved thro u gh the network of bilateral free trade agreements

y P romote Investment incl u ding F DI

y E xpand trade in goods and services

y Foster investment by means of fair, clear, stable andpredictable r u les

y E liminate barriers to trade


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OBJECTIVES CONTD ..

y P rovide fair conditions of competition affectingforeign trade and investment

y P rotection of Intellect u al property rights

y Incl u des clear and effective proced u res for

disp u te settlement

y P rovides an excellent framework for the partiesto prepare for EU accession


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GENERAL OBLIGATION A PPLICABLE TOTRADE IN A LL GOODS

Qu antitative RestrictionsCu stom Du ties on E xports

Cu stom Du ties on ImportsCu stom FeesConcessions and A gric u lt u ral P oliciesSanitary and P hytosanitary Meas u res


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PORTS

Serbia- P ort of Belgrade A lbania- Du rres, Shangjin, VloreC roatia- Sava, Dan u be ( Sea ports ),

Split, Zadar (river port )Montenegro- Bar, K otorMacedonia- Bou rgas

B iH - Bosa u ska G radiska, Bosanski B rodMoldova- N o port


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KEY ECONOMIC AND TRADE INDICATORS (2008 )

COUNTRIES/ PARAMETERS

EXPORTSTOCEFTA( IN MN)

IMPORTSFROMTOCEFTA ( IN MN)

GDP IN MN

CEFTA EXPORTSTO GDPRATIO( IN%)

ALBANIA 12 5 298 8364 1. 5

BOSNIA AND HER ZEGOV ANIA

1529 2916 12649 12.1

CROATIA 22 53 10 51 4716 5 4.8

MACEDONI A

922 511 6477 14.2

MONTENEGRO

159 1227 3393 4.7

SERBIA 24 58 1216 340 55 7.2

KOSOVO 93 70 5 3804 2.4


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ISSUES

Impact of TBT & SPS

Mu t u al Recognition of Certification

Cost & Qu ality of T rade Logistics

U nfair Competition d u e to I llegal imports


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THANK YOU

Documents

Cefta Grand Finale