Supranational Organizations Questions
The Central European Free Trade Agreement (CEFTA) is a regional trade agreement among countries in Central and Eastern Europe. It was established in 1992 and currently includes Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, and Serbia.
The main goal of CEFTA is to promote economic integration and facilitate trade among its member countries. It aims to eliminate barriers to trade, such as tariffs and quotas, and create a free trade area within the region. CEFTA also seeks to enhance cooperation in various areas, including investment, services, and intellectual property rights.
By promoting trade liberalization and economic cooperation, CEFTA aims to stimulate economic growth, attract foreign investment, and improve the competitiveness of its member countries. It also aims to foster regional stability and strengthen political ties among its members.