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Albanian experts divided over Regional Economic Area benefits

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7 mins read
9 years ago
Durres Port, the country's largest
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TIRANA, July 18 – Few days after Western Balkans signed an EU-mediated deal on a regional economic area, Albanian economy experts seem divided on the benefits of the cooperation agreement that is set to prepare the six EU aspirant countries for an apparent eventual EU integration. Experts say the project’s implementation will be tough considering the current obstacles holding back regional economic cooperation among Western Balkan countries aspiring to join the EU. Albania’s current cooperation with CEFTA member countries that includes six Western Balkan member countries and Moldova is currently poor and already hurt by frequent trade disputes and barriers….

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Story Highlights

  • Albania's current cooperation with CEFTA member countries that includes six Western Balkan member countries and Moldova is currently poor and already hurt by frequent trade disputes and barriers. Albania's exports to CEFTA countries account for only about 14 percent of the total while imports for only less than 7 percent, compared to about three-quarters of exports and two thirds of imports to and from EU member countries.

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