• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
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    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
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HOME > Archive > 2022 > Volume 10 Number 6 (Dec. 2022) >
JOEBM 2022 Vol.10(6): 339-348 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.6.723

Central European Free Trade Agreement (CEFTA) and Regional Cooperation with a View to the Improvement of Dispute Resolution Mechanism

Vesna Lukovic

Abstract—Initiatives that support economic development and improve intra-regional trade in the Western Balkans have been perceived by the European Union as an opportunity to strengthen regional economic cooperation and integration. In this context, this paper looks at CEFTA from the viewpoint of a deviation from policy cooperation, consultation and integration. The framework of this analysis evolves around the question how to better link CEFTA with the EU integration so as to improve the rule of law and commitment to regonal cooperation. The analytical approach looks at the problem of the infringement of CEFTA and explores an example of punitive tariffs on imports of goods. The paper examines legal and economic implications in this respect and proposes policy solutions with a focus on the improvement of dispute resolution mechanism.

Index Terms—CEFTA, dispute resolution mechanism, EU enlargement, free trade, regional integration.

Vesna Lukovic is an Independent Researcher in Greece (e-mail: lukove@yahoo.com).

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Cite:Vesna Lukovic, "Central European Free Trade Agreement (CEFTA) and Regional Cooperation with a View to the Improvement of Dispute Resolution Mechanism ," Journal of Economics, Business and Management vol. 10, no. 6, pp. 339-348, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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