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Ten Years of the Cefta 2006: Legal Aspects
Authors: Dusan D. Dabovic
Number of views: 355
The aim of this work is to determine, from a legal point of view, validity of the CEFTA 2006 ten years after it started, that is, whether this agreement fulfilled its essential goal as well as declared main objectives. The essential goal of the CEFTA 2006 is harmonization of trade regulations of the CEFTA 2006 parties to the international legislation and proper implementation of the regulations. Namely, the parties are in the similar stages of the process of joining the EU market and their cooperation under the agreement should prepare them for participation in the market. The main objectives are improvements of the parties in the fields of liberalization, trade in services, investment, public procurement and intellectual property rights. In the article it was researched whether in the given period any improvement was accomplished in the observed areas of the parties. According to the results obtained, it is concluded that the CEFTA 2006 in general met the expectations during the previous decade. Namely, there were significant results achieved in the observed areas of the parties. However, it is concluded that there is a space for further improvement, especially regarding investment, public procurement and protection of intellectual property rights.