CEFTA – Contributing to overall economic development
The CEFTA Parties have agreed to focus their work in four priority areas: trade facilitation, trade in services, investment and transparency, in order to boost socio-economic development through trade development and investment promotion. CEFTA is an important element of the SEE 2020 Strategy and the CEFTA structures act as the implementation structures for the SEE 2020 Integrated Growth Pillar. This allows CEFTA to boost links with related economic areas such as investment, transport, human capital and governance and to capitalize on other regional cooperation actions. The high level Berlin Process in its Chairman’s Conclusions of the Berlin Process for the Western Balkans 2015 and Final Declaration by the Chair of the Paris Western Balkans Summit explicitly recognizes CEFTA’s potential to advance economic development and EU integration.