Stabilization and Association Process in the Banlkans : Integration Options and their Assessment
The stabilization and association process launched by the European Union in the aftermath of the Kosovo war in 1999 has created a new policy environment for five South East European countries (SEE-5). In exchange for EU assistance, the prospect of...
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Online Access: | http://documents.worldbank.org/curated/en/2003/08/2494637/stabilization-association-process-banlkans-integration-options-assessment http://hdl.handle.net/10986/18140 |
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okr-10986-181402021-04-23T14:03:41Z Stabilization and Association Process in the Banlkans : Integration Options and their Assessment Kaminski, Bartlomiej de la Rocha, Manuel COMPETITIVE MARKETS EXPORTS IMPORTS SEE-5 TRADE LIBERALIZATION The stabilization and association process launched by the European Union in the aftermath of the Kosovo war in 1999 has created a new policy environment for five South East European countries (SEE-5). In exchange for EU assistance, the prospect of EU accession, and the continuation of preferential access to EU markets, SEE-5 governments have to upgrade their institutions and governance by European standards and engage in mutual regional cooperation, including stability pact member-countries. The authors examine the benefits to SEE-5 of trade liberalization along two dimensions and suggest conditions under which these could be maximized. They argue that the process of regional trade liberalization should be extended to multilateral liberalization, aligning SEE-5 most-favored-nation (MFN) applied tariffs on industrial products with EU MFN tariffs, and that priority be given to structural reforms and regional cooperation aimed at trade facilitation. As inter-industry trade rather than intra-industry trade dominates intra-SEE-5 trade, the potential for expansion in intra-SEE-5 trade is limited at least within the confines of the existing production structures and transportation infrastructure. Therefore SEE-5 free trade agreements are unlikely to contribute to economic growth without concurrent efforts to improve infrastructure, trade facilitation, business, and investment climate, as well as to increase competition from MFN imports to external preferential suppliers through multilateral liberalization. 2014-05-01T21:23:42Z 2014-05-01T21:23:42Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2494637/stabilization-association-process-banlkans-integration-options-assessment http://hdl.handle.net/10986/18140 English en_US Policy Research Working Paper;No. 3108 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Eastern Europe |
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Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
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World Bank |
language |
English en_US |
topic |
COMPETITIVE MARKETS EXPORTS IMPORTS SEE-5 TRADE LIBERALIZATION |
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COMPETITIVE MARKETS EXPORTS IMPORTS SEE-5 TRADE LIBERALIZATION Kaminski, Bartlomiej de la Rocha, Manuel Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
geographic_facet |
Europe and Central Asia Eastern Europe |
relation |
Policy Research Working Paper;No. 3108 |
description |
The stabilization and association
process launched by the European Union in the aftermath of
the Kosovo war in 1999 has created a new policy environment
for five South East European countries (SEE-5). In exchange
for EU assistance, the prospect of EU accession, and the
continuation of preferential access to EU markets, SEE-5
governments have to upgrade their institutions and
governance by European standards and engage in mutual
regional cooperation, including stability pact
member-countries. The authors examine the benefits to SEE-5
of trade liberalization along two dimensions and suggest
conditions under which these could be maximized. They argue
that the process of regional trade liberalization should be
extended to multilateral liberalization, aligning SEE-5
most-favored-nation (MFN) applied tariffs on industrial
products with EU MFN tariffs, and that priority be given to
structural reforms and regional cooperation aimed at trade
facilitation. As inter-industry trade rather than
intra-industry trade dominates intra-SEE-5 trade, the
potential for expansion in intra-SEE-5 trade is limited at
least within the confines of the existing production
structures and transportation infrastructure. Therefore
SEE-5 free trade agreements are unlikely to contribute to
economic growth without concurrent efforts to improve
infrastructure, trade facilitation, business, and investment
climate, as well as to increase competition from MFN imports
to external preferential suppliers through multilateral liberalization. |
format |
Publications & Research :: Policy Research Working Paper |
author |
Kaminski, Bartlomiej de la Rocha, Manuel |
author_facet |
Kaminski, Bartlomiej de la Rocha, Manuel |
author_sort |
Kaminski, Bartlomiej |
title |
Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
title_short |
Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
title_full |
Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
title_fullStr |
Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
title_full_unstemmed |
Stabilization and Association Process in the Banlkans : Integration Options and their Assessment |
title_sort |
stabilization and association process in the banlkans : integration options and their assessment |
publisher |
World Bank, Washington, DC |
publishDate |
2014 |
url |
http://documents.worldbank.org/curated/en/2003/08/2494637/stabilization-association-process-banlkans-integration-options-assessment http://hdl.handle.net/10986/18140 |
_version_ |
1764438967530291200 |