The agreement contains detailed provisions on trade facilitation (Annex III). The agreement focuses on the liberalisation of trade in goods. All tariffs on industrial products, including fish and other seafood, will be abolished as soon as the agreement enters into force and additional agricultural agreements between the individual EFTA states and Albania will be an integral part of the free trade area`s instruments. On the recommendation of the EU, future members have prepared for accession by creating free trade zones. Much of THE CTATA`s foreign trade is being bugged with EU countries. Trade with the region has increased by almost 130% over the past ten years, with total trade between the EU and the Western Balkans reaching 55 billion euros in 2019. For all Western Balkan partners, the EU is the largest trading partner, accounting for almost 70% of the region`s total trade; the region accounts for only 1.4% of the EU`s total trade. This overall trade expansion has benefited western Balkan partners; Over the past ten years, the region has increased its exports to the EU by 207% compared to a more modest 94% increase in EU exports to the region. The agreement contains provisions relating to state-owned commercial enterprises, subsidies, anti-dumping measures and anti-competitive practices affecting trade relations between the contracting parties, as well as safeguard disciplines. The rules of origin and methods of administrative cooperation provided for by Protocol B and its seven annexes are based on the pan-Euro-Mediterranean model.
This will allow the accumulation of materials from the EFTA states, Albania and other Pan-Euro Med Member States as soon as the corresponding agreements between these countries and Albania have been concluded. In addition, the agreements contain competition provisions, a high level of protection of intellectual property rights and increased cooperation in customs matters. They also include additional disciplines, including public procurement, harmonization of legislation in many areas, including standardization, and services and branch provisions. As soon as a participating country joins the European Union (EU), its membership in the FTACE ends. Since 1 July 2013, the parties to the CEFTA agreement have been on behalf of Kosovo: Albania, Bosnia and Herzegovina, Moldova, Montenegro, Northern Macedonia, Serbia and UNMIK. For EFTA-Albania trade statistics, see EFTA`s trade statistics tool SAAS has created a free trade area over a transitional period that has just expired for all but Kosovo (2026). The agreements provide for the removal of tariffs and non-tariff restrictions on bilateral trade and include goods in all chapters of the harmonized system. Only a few exceptions for certain agricultural and fishing products are not fully liberalised and are subject to reduced tariffs and/or preferential quantitative concessions. The amendment and extension of the Free Trade Agreement with Central European Countries (CEFTA) was signed in Bucharest on 19 December 2006 and began to implement it in 2007. The countries implementing this agreement among themselves are Albania, Montenegro, Kosovo, Serbia, Bosnia and Herzegovina, Macedonia and Moldova. From the beginning of the implementation of this agreement, they were not fully liberalized until after 2014, when all participating countries implemented Additional Protocol II to the agreement. The agreement was amended by the agreements signed in Brno on 11 September 1995 and in Bled on 4 July 2003.
In 2006, Albania signed the Stabilization and Association Agreement (ASA) with the EU. The agreement ratified in 2009 liberalised trade relations between the EU and Albania with regard to customs barriers for agricultural and industrial products. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States.