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Further Trade Integration in the Regional Economic Area of the Western Balkans: Steps Toward EU Enlargement

Authors: Bettina Jones; Reyhan Suleyman; Leona Mileva;

Further Trade Integration in the Regional Economic Area of the Western Balkans: Steps Toward EU Enlargement

Abstract

The economies and political systems of most European countries have successfully integrated to the European Union while also maintaining their sovereignty. Today, the countries of the Western Balkans (Macedonia, Serbia, Montenegro, Albania, Bosnia and Herzegovina, and Kosovo) are also seeking European integration, but mainly lag behind in terms of the human rights and economic indicators of readiness to integrate. A solution to this problem is the Regional Economic Area of the Western Balkans, an initiative which all the Western Balkans governments have agreed to, which would not replace eventual European Union membership but rather serve as an important stepping stone towards it. An action plan for regional economic integration was created at a meeting of Western Balkans heads of state in July 2017, but its steps are vague and leave out significant risks facing all Western Balkan governments. We identify, empirically and theoretically, the main risks to effective regional trade integration specifically, and find that the presence of administrative barriers to trade (ATBs) and regional political conflicts may prevent or deter full regional trade integration, an important step before European integration. We look to the most significant barriers to trade in the region in order to provide recommendations and more detailed action steps to make regional trade integration a reality.

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Keywords

Europe (General), History of Balkan Peninsula, Economics as a science, Trade, regional integration, infrastructure, regional politics, common market, Western Balkans, non-tariff barriers., Political science, HB71-74, D900-2009, DR1-2285, J

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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