Eu Albania Trade Agreement

By september 19, 2021Geen categorie

The agreement contains provisions concerning state-owned commercial enterprises, subsidies, anti-dumping and anti-competitive practices affecting trade relations between the parties, as well as safeguard disciplines. Albania has also concluded a free trade agreement with Turkey, signed in 2006 and entered into force in May 2008. Under the agreement, no customs duties are imposed on Albanian industrial products exported to Turkey and customs duties on certain Turkish products will be reduced before they are finally exempted in five years. For agricultural products, countries have granted each other reciprocal tariff quotas. Overall, this expansion has been beneficial for the Western Balkan partners; Over the past decade, the region has increased its exports to the EU by 207% compared to a more modest increase in EU exports to the region of 94%. The European Commission reports annually on the implementation of its main trade agreements during the previous calendar year. Trade with the region has increased by almost 130% over the past decade, with total trade between the EU and the Western Balkans reaching €55 billion in 2019. The EU has concluded trade agreements with these countries/regions, but both sides are negotiating an update. The agreement focuses on the liberalisation of trade in goods.

All customs duties on industrial products, including fish and other seafood, will be abolished from the entry into force of the Agreement and the supplementary agricultural agreements between the EFTA States and Albania will form an integral part of the instruments for the creation of the Free Trade Area. In 2006, Albania signed the Stabilisation and Association Agreement (SAA) with the EU. The agreement, ratified in 2009, liberalised trade relations between the EU and Albania with regard to customs barriers for agricultural and industrial products. In order to develop regional trade and offer new opportunities for economic operators, a system of diagonal cumulation of origin has been set up between the European Union, the Western Balkans participating in the Stabilisation and Association Process and Turkey. This system allows a participating partner to use, under advantageous conditions, materials originating from other partners in the area for the production of finished products exported to the European Union, the Western Balkans or Turkey. The rules of origin and methods of administrative cooperation in Protocol B and its seven Annexes are based on the pan-Euro-Mediterranean model. This will allow the cumulation of materials originating in the EFTA States, Albania and the other Member States of the Pan-Euro Med as soon as the corresponding agreements between these countries and Albania have been concluded. . . .