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Trade Liberalization in the South East Europe Effects and Controversial Issues


  • Ljiljana Pjerotić

    () (Culture and Education Advisor, Municipality of Budva, Montenegro)


Included in the regional cooperation of SEE countries, trade liberalization is considered the most important factor of a sustainable economic growth which should contribute to the mutual trade among SEE countries, growth of the foreign direct investments, further production specialization and export structure change. Countries of the region have accepted liberalization as one of the conditions of the Stabilization and Association Process (SAP), hoping, each of them individually, that in that way they would improve proper position. Creating a free trade area will contribute to a further increase of intra-regional trade flows, but it shouldnt be expected that the relative importance of mutual exchange will prevail the importance which EU has for the SEE countries, except Moldova. Paper is divided into five sections. After the introduction, the trade liberalization process in the SEE region is explained in the second part (section 2). The third section analyses actual intra-regional trade flows and SEE countries trade relations with the EU (section 3). Some controversial issues raised in recent debates on trade liberalization in SEE are also discussed (section 4). The main conclusions are given at the end (section 5).

Suggested Citation

  • Ljiljana Pjerotić, 2008. "Trade Liberalization in the South East Europe Effects and Controversial Issues," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(4), pages 497-522, December.
  • Handle: RePEc:voj:journl:v:55:y:2008:i:4:p:497-522

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    References listed on IDEAS

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    Cited by:

    1. GoranKovachev, 2012. "Agricultural Credit Discount Fund €“ Agribusiness Support Credit Line In Macedonia," Journal Articles, Center For Economic Analyses, pages 41-55, June.
    2. Dushko Josheski & Darko Lazarov, 2012. "Nominal Effective Exchange Rate Neutrality: The Case Of Macedonia," Journal Articles, Center For Economic Analyses, pages 17-24, June.
    3. Malay Kanti Roy & Hirak Ray & Tamojit Roy, 2012. "Benefits From International Diversification: Indian Experiences," Journal Articles, Center For Economic Analyses, pages 5-16, June.
    4. Jelena Trivic & Łukasz Klimczak, 2015. "The determinants of intra-regional trade in the Western Balkans," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics, vol. 33(1), pages 37-66.
    5. Fatih Macit, 2012. "What Determines The Non-Performing Loans Ratio: Evidence From Turkish Commercial Banks," Journal Articles, Center For Economic Analyses, pages 33-39, June.
    6. MSc. Arjan Tushaj & PhD. Valentina Sinaj, 2012. "What About The Relationship Between Banking Competition And Financial Stability? Case Of Albania," Journal Articles, Center For Economic Analyses, pages 25-32, June.
    7. Gjorgji Gockov & Daniela Mamucevska & Borce Trenovski & Biljana Tashevska, 2012. "The Role, Significance And Trend Of Construction Sector In Macedonia," Journal Articles, Center For Economic Analyses, pages 57-70, June.
    8. Safet Kurtovic & Boris Siljkovic & Boban Dasic, 2013. "The Effect Of Non-Tariff Barriers On Trading Flows Bosnia And Herzegovina Within Cefta 2006," Journal Articles, Center For Economic Analyses, pages 5-22, December.

    More about this item


    Trade liberalization; Regional cooperation; Free trade area; Intra-regional trade; South East Europe; European Union;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission


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