Western Balkans to get a common Regional Market

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Reducing waiting time at border crossings by 30% by implementing a set of measures including expanding the Green Corridors and simplifying the procedures supported by the SEED + Systematic Electronic Data Interchange, then reducing costs and bureaucracy as well as facilitating e-commerce and faster accession to the EU Single Market should enable the Common Regional Market discussed today by the leaders of the Western Balkans in the framework of the Berlin Process.

The regional economic integration is expected to generate up to 6.7% GDP additional growth in the region.

“The integrated market of 18 million people is more competitive on the European and global stage and more attractive to foreign investors. Furthermore, the establishment of a Common Regional Market will assist the region in the process of adopting EU standards and moving closer to the EU single market,” said Emir Djikic, Director of the CEFTA Secretariat.

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