Central European Free Trade Agreement

CEFTA cover the Balkan states, which already had completed a matrix of bilateral free trade agreements in the framework of the Stability Pact for South Eastern Europe. On 6 April 2006, at the South East Europe Prime Ministers Summit in Bucharest, a joint declaration on expansion of CEFTA to Albania, Bosnia and Herzegovina, United Nations Interim Administration Mission on behalf of Kosovo, Moldova, Serbia and Montenegro was adopted. Accession of Ukraine has also been discussed. The agreement went into effect on 26 July 2007 for Albania, Kosovo, Macedonia, Moldova and Montenegro, and on 22 August for Croatia. Bosnia and Herzegovina ratified it on 6 September, while Serbia completed the final legal procedures on 24 September 2007. The agreement aims at establishing a free trade zone in the region by 31 December 2010.