REGIONAL COOPERATION AND ECONOMIC INTEGRATION

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CEFTA-2006 TRADE <strong>COOPERATION</strong> Table 7: Croatian export by country of destination (million USD) Source: Republic of Croatia-Central Bureau of Statistics Note: *From 2006 just Serbia Table 8: Croatian import by country of origin (million USD) Source: Republic of Croatia-Central Bureau of Statistics Note: *From 2006 just Serbia Table 9: Current account balance of Croatia with CEFTA 2006 countries (million USD) Source: Republic of Croatia-Central Bureau of Statistics Note: *From 2006 just Serbia 111
PART II: Total Croatian export to the CEFTA members reached 3.3 billion USD in 2008. In comparison with 2007, when total export to CEFTA was around 2.8 billion USD, this is an increase of about 20.8 percent. On the other hand, total Croatian import from the CEFTA members in 2008 was around 1.5 billion USD. The import rose 18.8 percent in comparison with 2007, when it amounted to 1.3 billion USD. Croatia has the largest surplus in merchandise trade with Bosnia and Herzegovina. In 2008 it amounted to 1.4 billion USD. From 2002 to 2008, total surplus was 5.9 billion USD. Bosnia and Herzegovina is for Croatia the second most important merchandise export destination, first being Italy -from 2001 to 2008 total export to Italy amounted to 15 billion USD, whereas total export to Bosnia and Herzegovina was around 9.8 billion USD. Croatia ranks as first among trade partners concerning both exports and imports from and to Bosnia and Herzegovina (in period 2001-2008, Croatian shares in Bosnia and Herzegovina’s exports and imports were 17.9 and 17 percent, respectively). According to Croatian Chamber of Economy data, the most important Croatian export product to Bosnia and Herzegovina in 2008 is crude oil and oils derived from bitumen minerals (30 percent of export) and the most important Bosnian and Herzegovinian exports are crude aluminum (18.5 percent of exports to Croatia) and electric energy (7.3 percent). Another significant surplus in merchandise trade is realized in trade with Serbia. In 2008 it amounted to 350 million USD. Crude oil and oils derived from bitumen minerals and polymers ethylene in primary forms are major Croatian export products to Serbia in 2008, whereas flat-rolled iron products or non-alloy steel and electric power are the most frequent commodity imported from Serbia. The surplus in merchandise trade is also realized in trade with Montenegro and Albania. In 2008, Croatian export to Montenegro (187 million USD) was 26.4 times higher than Montenegrin export to Croatia (7 million USD). Among CEFTA members, the smallest import to Croatia was from Albania. In 2008 it amounted to 4.8 million USD and Croatian export was around 44.8 million USD, thus making a surplus in merchandise trade with Albania of 39.6 million USD. The major Croatian export products to Albania in 2008 are articles of iron and steel (excluding prefabricated articles) and stranded wire, cables, plaited bands and the like, while major Albanian exports to Croatia are footwear with outer soles of rubber and plastics, corn and plants and parts of plants (including seeds and fruits). The only two counties that record surplus in merchandise trade with Croatia in 2008 are Macedonia and Moldova. The deficit with Macedonia was 135 million USD, while the deficit with Moldova was significantly smaller and it amounted to 6.7 million USD. In 2008 a half of Macedonian exports to Croatia were iron or steel flat-rolled products. On the other hand, major export products from Croatia to Macedonia include electrical machinery, equipment and parts thereof (7.8%), edible products (6.2%) and soaps and cleaning preparations (6.2%).Unlike the “old” CEFTA, which was composed of developed transition countries, now members of the EU, the “new” CEFTA gathers countries of Western Balkans plus Moldova. “New” CEFTA has proved to be a successful experiment for Croatian companies, since it has opened a market with around 28 million potential consumers to them. Statistics show a steady growth of foreign trade with CEFTA member states. As already mentioned above, the most significant merchandise trade of Croatia is realized with Serbia and Bosnia and Herzegovina. Trade with other members of CEFTA is still relatively small. Apart from the regime of free trade, one of the possible explanations for such good results in merchandise trade with “new” CEFTA is a much smaller competition on the markets of this integration, compared to the markets of Western Europe. Nevertheless, experts point out that all this 112
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Proceedings from the Third Internat
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© All rights reserved. No part of
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Skopje, 15.10.2009 Dear Colleagues,
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CONTENTS: PART I: REGIONAL TRADE AG
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Ph.D. Sanja Đurđić THE RULE OF L
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PART I: Greater openness means fier
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PART I: the past never experienced
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PART I: Nowadays such actions will
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PART I: ratio could ultimately rais
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PART I: 3. CEFTA regional cooperati
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PART I: any other type of economic
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PART I: including Kosovo, who is de
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PART I: Rodrik, Dani. (1999), The N
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PART I: The paper examines how West
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PART I: What are the main reasons f
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PART I: EU growth rates and a sign
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PART I: only a limited portion of t
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PART I: on a larger trade deficit;
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PART I: and world trade in goods an
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REGIONAL TRADE AGREEMENTS AND REGIO
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PART I: was developed especially fo
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PART I: 2. Theoretical background,
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PART I: focus on the way in which t
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PART I: of private incomes by addin
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PART I: the GDP per capita: the 53.
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PART I: received EU-transfers, but
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Dr Márta Zádor, PhD Deputy Genera
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Page 72 and 73: REGIONAL TRADE AGREEMENTS AND REGIO
Page 76 and 77: Macedonia REGIONAL TRADE AGREEMENTS
Page 86 and 87: Goran Buturac, Ph.D., Research Fell
Page 90 and 91: c in total exports of country a in
Page 92 and 93: 2.3. Comparative advantages REGIONA
Page 98 and 99: 2.6. Export similarities The paper
Page 100: REGIONAL TRADE AGREEMENTS AND REGIO
Page 103 and 104: PART II: INTRODUCTION CEFTA-2006 is
Page 105 and 106: PART II: Agreement for Modification
Page 107 and 108: PART II: only provide temporary rep
Page 109 and 110: PART II: The Leaders of the Group o
Page 111 and 112: PART II: messages over the past yea
Page 113 and 114: PART II: INTRODUCTION Central Europ
Page 115 and 116: PART II: Table 1: Gross domestic pr
Page 117 and 118: PART II: Figure 3: Distribution of
Page 119 and 120: PART II: Table 6: Countries of West
Page 121: PART II: Adriatic gas pipeline is c
Page 125 and 126: PART II: CIA - The World Bank Factb
Page 128 and 129: CEFTA-2006 TRADE COOPERATION Sanja
Page 130 and 131: the implementation of the protocol
Page 132 and 133: CEFTA-2006 TRADE COOPERATION in the
Page 134 and 135: The major foreign trade partners in
Page 136: Integration, Vol. 26, No. 3, 309-33
Page 139 and 140: PART II: divisive, as well as mainl
Page 141 and 142: PART II: of time. During the transi
Page 143 and 144: PART II: been recovered from 2004 o
Page 145 and 146: PART II: diversified structure as c
Page 147 and 148: PART II: VAR and to test if one may
Page 149 and 150: PART II: VAR since the test for coi
Page 151 and 152: PART II: coefficient sign) but mode
Page 153 and 154: PART II: elasticity. The seasonal f
Page 155 and 156: PART II: GDP” that has been runni
Page 157 and 158: PART II: Faini, R., Pritchett, L. a
Page 159 and 160: PART II: pleasant. The expectations
Page 161 and 162: PART II: Table 3: Regional trade ex
Page 163 and 164: PART II: In order to bring to an en
Page 165 and 166: PART II: stimulated the growth rate
Page 168 and 169: CEFTA-2006 TRADE COOPERATION Irena
Page 170 and 171: CEFTA-2006 TRADE COOPERATION within
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Table 2: Data on exports of agricul
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CEFTA-2006 TRADE COOPERATION 3.1. T
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Macedonian export of non-agricultur
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is 37.1% of the total Serbian trade
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CEFTA-2006 TRADE COOPERATION na CEF
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PART II: countries in the Region, a
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PART II: becoming wealthier consume
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PART II: versa for Croatia; for Mac
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PART II: Table 5: Exports of the Re
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PART II: Commission of the European
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PART III: Serbia, Macedonia and man
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PART III: of TNCs have changed the
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PART III: 3. Foundations of the new
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PART III: modes of supply, FATS cor
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PART III: enterprise (affiliate). U
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PART III: REFERENCES Bjelić, Predr
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PART III: requirement for compulsor
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PART III: Companies prepare and pre
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PART III: it refers to adjusting of
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PART III: presentation of assets, l
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SOME ASPECTS OF TRADE STATISTICS AN
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their mass and inversely proportion
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Peri specifications in log-log spac
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orn population, is less reliable an
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SOME ASPECTS OF TRADE STATISTICS AN
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Weltwirtschaftliches Archiv, 90(01)
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PART IV: INTRODUCTION The manufactu
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PART IV: 12 Figure 2: Main developm
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PART IV: Firms’ characteristics F
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PART IV: 3.2. Measurement and data
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PART IV: high and high technologica
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PART IV: study. Firstly, companies
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PART IV: and Consumption Studies, U
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PART IV: medium-sized enterprises,
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PART IV: Balkan transition economie
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PART IV: evidence that human capita
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PART IV: of involving Serbia in a u
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PART IV: REFERENCES Arandarenko, M.
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CEFTA-2006 AND ANHANCING COMPETITIV
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PART IV: INTRODUCTION Air transport
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PART IV: 2. Air transport market Ge
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PART IV: Finally, it is necessary t
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PART IV: Figure 2: PSO routes conne
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PART IV: 2012), and 9% lower in the
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PART IV: b) Second phase from 2011
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PART IV: IATA Passenger Forecast (2
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PART IV: determined by legal rules
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PART IV: Congress in 1985. As a con
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PART IV: 4. The rule of law and ind
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PART IV: the establishment of the r
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PART IV: REFERENCES Barro, R. (1991
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PART V: the association process ear
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PART V: Figure 3: EU FDI outward fl
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PART V: (macroeconomic stability an
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PART V: FDIPC- logarithm value of t
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PART V: DIST shows that if the dist
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PART V: University Press. Deichmann
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PART V: developing countries, where
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PART V: Figure 2: FDI inflow distri
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PART V: The economic literature usu
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PART V: The regression equation, wi
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PART V: Table 1. Determinants of FD
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PART V: The key determinants that w
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PART V: REFERENCES Liebscher, K. (2
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PART V: INTRODUCTION In the conditi
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PART V: from government regarding a
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PART V: 306 3.1. Comparative analys
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PART V: are sufficiently developed.
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PART V: monopolistic companies is e
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PART V: Savić Lj., (2008.), Inostr
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PART V: abandoned CEFTA membership)
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PART V: Figure 1: FDI in selected c
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PART V: 318 Table 3: Balance of pay
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PART V: come true if stable politic
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PART V: The task of the effective u
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PART V: Cooperation between the pub
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PART V: needs of Serbia and in that
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PART V: conventional production and
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PART V: REFERENCES Bandiera, O., Ca
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PART V: stability and macroeconomic
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PART V: By economic activity, the m
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PART V: Table 3: Exports and import
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PART V: In the last years, a series
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PART V: Figure 4: Balance of paymen
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PART V: because the level of per ca
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