Establishing a Western Balkans common market is actually impossible: Konfindustria
“Establishing a Common Market of the Western Balkans cannot be viable in today’s economic conditions.” This is how the General Manager of Konfindustria Gjergj Buxhuku estimates this issue.
“Konfindustria estimates that the latest European Union initiative for the establishment of the Western Balkans Common Market, due to be discussed at the July 2008 summit in Trieste, Italy, is difficult to be successful without building well-studied strategies based on today’s different economic, political and institutional conditions of each country in the region,” Konfindustria states.
According to Konfindustria, similar preceding initiatives have been unsuccessful.
“For example, CEFTA, Central European Free Trade Agreement, can be considered almost failed. CEFTA is an agreement designed and supported by the EU and has entered into force for more than 10 years.”
“It is virtually impossible to establish a common regional market without receiving a clear timeline, even approximate, for the membership of relevant EU countries, coupled with a program of important investment aid to infrastructure, economy and the creation of professional public institutions that will take into account today’s sensitive differences and inequalities between the countries of the region,” writes the announcement.
SCAN
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