Bilateral trade flows between Western Balkans countries

Baranenko, Elena and Milivojević, Saša (2012) Bilateral trade flows between Western Balkans countries. In: European integration process in Western Balkan countries. Faculty of Economics of the University of Coimbra, Coimbra, pp. 416-434. ISBN 978-972-9344-05-3

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Abstract

The development of trade relations between Western Balkan countries represents very complicated and long-term process, including regional and trade integration. In this chapter we analysed foreign trade performances and various factors that used to affect on trade results between Western Balkan countries. Also, we gave preview of bilateral trade flows between each country in this region. Factors such as CEFTA agreement signing and creation of free trade area gave results and slight improvement of situation in this field. However, there still remained many unsolved issues and problems. Countries of this region need to continue mutual cooperation and dialogue on all levels in order to avoid complications in trade relations and economic development.

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