CEFTA: Trade and Growth Patterns Fifteen Years since Establishment

Nina Vujanovic

No 466, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: This research report investigates the trade and growth benefits of the CEFTA agreement for its members. Although the countries have not reached their end goal of membership of the European Union, the report shows that CEFTA has supported their economic growth. However, there is trade heterogeneity in terms of the extent to which individual countries use CEFTA value added in their manufacturing exports. Less-developed economies seem to rely more on regional (CEFTA) supply chains, while manufacturing-based economies are increasingly coming to rely on EU supply chains. The countries have not built a strong export advantage abroad, as very little of their value added is used in EU exports.

Keywords: CEFTA; trade; supply chains; growth (search for similar items in EconPapers)
JEL-codes: B17 F14 F43 F63 (search for similar items in EconPapers)
Pages: 33 pages including 11 Tables and 6 Figures
Date: 2023-04
New Economics Papers: this item is included in nep-eec and nep-int
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Published as wiiw Research Report

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