Том 2 - Тенденции и предизвикателства в развитието на ...

mind the fact that it is located on a crossroads of the transport,telecommunications and energy roads between the European Union,Central and Eastern Europe, Asia and Africa. International financeinstitutions would bring necessary new funds to the region, once thestable free trade zone has been established.When speaking of CEFTA 2006, it is crucial to note that all itsmembers benefited from the establishment of a multilateral system oftrade. The creation of this free-trade area in the region has ushered in anew era of commercial exchange and economic cooperation that hasproved to be of immeasurable importance. However, many opportunitiesopen to members remain unexploited. There is a variety of barriers,beginning with agriculture areas in some states still protected by hightariffs, to invisible trade barriers embodied in various documents neededfor commerce. The path forward is determined by both the objectives andgoals of CEFTA members themselves, and EU integration as the region’spriority in general.Bibliography1. Antonis Adam, Theodora Kosma and James McHugh, TradeLiberalization Strategies: What Could South Eastern Europe Learnfrom CEFTA and BFTA?, IMF Working Papers no. 03/239, 20032. Gligorov, V. Western Balkans free trade area, The EuropeanBalkan Observer, Vol.3 No. 3, p.16, December 20053. Kaminski, Bartolomiej, Manuel de la Rocha, (2003) Stabilizationand Association Process in the Balkans : Integration Options andtheir Assessment, World Bank Policy Research Working Paper 31084. Reinhard Priebe, ‘The European Perspective of the WesternBalkans, its Regional Dimension and the Contribution of theStability Pact’, in Five Years of Stability Pact:RegionalCooperation in Southeast Europe, Sudosteuropa Mitteilungen no.04, p. 44.5. Predrag Bijelic, Trade Policy of the European Union as a Factor of365