Economics Trade Agreements Questions
The Central European Free Trade Agreement (CEFTA) is a trade agreement between several countries in Central and Eastern Europe. It was established in 1992 with the aim of promoting trade and economic cooperation among its member states. The current members of CEFTA include Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, and Serbia. The agreement eliminates tariffs and other trade barriers among member countries, facilitating the movement of goods, services, and investments. CEFTA also promotes regional integration and cooperation in areas such as customs procedures, intellectual property rights, and competition policy.