CEFTA
The Central European Free Trade Agreement (CEFTA) is a trade agreement between countries in Central and South-Eastern Europe that has replaced bilateral agreements between the countries in the region: Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Moldova, Montenegro, Serbia and the United Nations Interim Administration Mission in Kosovo. It is in effect as of 26th July 2007 and provides companies that operate in Serbia an opportunity to reach a 30 million people market free of customs and boundaries.
Also, the Agreement stipulates accumulation of products origin, meaning that products exported from Serbia are considered of Serbian origin if integrated materials are originating from any other CEFTA country, European Community, Iceland, Norway, Switzerland (including Liechtenstein) or Turkey, provided that such products have undergone sufficient processing (where the value added there is greater than the value of the materials used) in Serbia.
