SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

W. Balkan leaders agree on steps to create free trade area

Nov 11, 2019, 1:45:53 PMNews by : Klaudjo Jonuzaj
share
SKOPJE (North Macedonia), November 11 (SeeNews) – The leaders of North Macedonia, Albania and Serbia have agreed on steps towards implementing a joint initiative to facilitate the free flow of people, goods, services and capital among their countries, North Macedonia's prime minister said.

W. Balkan leaders agree on steps to create free trade area
Western Balkan leader in Ohrid, Source: North Macedonia government

The measures include free movement of citizens, possibility for foreigners to travel without additional visas, joint work permits and recognition of qualifications without additional procedures, as well as reduction of waiting time at border crossings, North Macedonia’s prime minister Zoran Zaev said in a statement on Sunday, after a meeting in Ohrid with his Albanian counterpart Edi Rama, Serbia’s president Aleksandar Vucic, Bosnia's prime minister Denis Zvizdic and Montenegro's economy minister Dragica Sekulic.

The initiative, part of the Berlin process for accelerating the EU accession of Western Balkan countries, was first launched by the leaders of Serbia, North Macedonia and Albania during in a meeting in Novi Sad, Serbia, last month. They said the initiative is open to other Western Balkan countries.

According to Zaev, the measures also include a joint set of documentation needed for the transit of goods, amendments to the laws regulating the capital market, tax and financial systems in the three countries in order to create conditions for a smooth flow of capital, further strengthening of cross-border co-operation to combat transnational crime and terrorism, exchange of students, as well as joint research and development projects.

The measures will be further defined in an action plan that will be drafted by the next meeting of the initiative in Durres, Albania at the end of December, Zaev noted.

The initiative is open to all Western Balkan countries, Albanian PM Edi Rama said in a separate statement, adding that Kosovo should join the initiative.

Kosovo’s president Hashim Thaci said on Sunday that the initiative is meaningless as long as Serbia and Bosnia do not recognize Kosovo's independence. Kosovo does not want to exchange its Euro-Atlantic perspective for a regional one, Thaci said in a Facebook post.

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.