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The Central European Free Trade Agreement: Problems, Experiences, Prospects

In: Subregional Cooperation in the New Europe

Author

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  • Andrzej Kupich

Abstract

On 21 December 1992, in Cracow, the Visegrad group countries concluded the Central European Free Trade Agreement (CEFTA). The multilateral agreement regulating the organization of free trade between Poland, the Czech Republic, Slovakia and Hungary entered into force on 1 March 1993. Slovenia joined CEFTA at the beginning of 1996 and Romania followed suit in the summer of 1997. The preamble to the agreement states that the signatories will create a free trade area in accordance with General Agreementon Trade and Tariffs (now World Trade Organization) provisions. The objectives defined in the agreement include ‘supporting, through expansion of trade, harmonious development of economic relations between the parties and the advancement thereby of economic development, improvement of living and working conditions, growth of productivity and financial mobilization’.

Suggested Citation

  • Andrzej Kupich, 1999. "The Central European Free Trade Agreement: Problems, Experiences, Prospects," Palgrave Macmillan Books, in: Andrew Cottey (ed.), Subregional Cooperation in the New Europe, chapter 6, pages 90-112, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27194-8_6
    DOI: 10.1007/978-1-349-27194-8_6
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