By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Advantages and Disadvantages of the Open Balkans Initiative
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > POLITICS > Advantages and Disadvantages of the Open Balkans Initiative
POLITICS

Advantages and Disadvantages of the Open Balkans Initiative

Published: June 19, 2022
Share
SHARE

Dialogue does not mean much to businessmen, entrepreneurs,and citizens. The implementation of existing agreements linking the regional market is needed. But instead of implementation, the ideas for new signatures appear again.

The regional market connection between two agreements and one idea. Politics has attitudes without institutional analysis. In the meantime, we bring an analysis of economists. The Open Balkans or the Berlin Process?

The Open Balkans Initiative remains without consensus, both in the Balkans and in Bosnia and Herzegovina (BiH). They opened and approached; Serbia, North Macedonia, and Albania. Kosovois the only one categorically against. Our country with Montenegro is still undecided. According to available information, the Open Balkans envisages the free movement of capital, goods, services, and people. Kosovo claims that not all countries have the same treatment. BiH is officially silent.

BiH Presidency is still waiting for the analysis of the Council of Ministers of BiH after two years. Those who are most concerned are also waiting.

“I am afraid that it would be a special problem if the Open Balkans happened, that these few people we have would leave. For that reason, someone needs to talk to the economy professionally. To explain all the advantages and disadvantages. I have to be honest, they talk to us very sparingly, “ pointed out the exporter Edin Jabandzic.

And also, there is no much information about the initiative itself. Until the analysis of institutions, economists analyze. And they are divided. Some say there is no real need for the Open Balkans. The market is already open and cooperation is defined through existing, more concrete agreements. Others see it as an opportunity for improvement.

“We are talking about two initiatives, one of which has a budget of 30 billion euros – the Berlin Process, and the other does not offer anything in that sense, has no defined budget or action plan,” told economic expert and analyst Amina Pilav-Velic.

“This is just an addition to an association called CEFTA. It is just a form of easier movement of people in these difficult times. This means that you can come to Sarajevo with an ID card from Macedonia on a construction site, ” explains economic analyst Zoran Pavlovic.

For now, that is impossible without certain procedures. But trade is possible. And it is with exports to CEFTA countries that BiHfor the first time exceeded the coverage of imports by exports by 100 percent.

Serbia remains the largest foreign trade partner in the region. Earlier with a large surplus, this year, the coverage of imports by exports exceeded 85 percent. Of the other CEFTA countries, BiH has a large trade surplus with Montenegro, a slight deficit with North Macedonia, and higher exports than imports with Albania, Kosovo, and Moldova.

According to the Federation of BiH (FBiH) Chamber of Commerce, the CEFTA agreement is sufficient, but it must be adhered to and improved.

Also, the majority of the professional public believes that the Berlin Process is stalled, but offers a specific plan and brings the Western Balkans closer to European integration. The announced new strengthening of this process is also encouraging. So there is a framework, but it is not being implemented. Therefore, the question is who needs a signature on the already signed rules?

Sarajevo marks Victory over Fascism Day and Europe Day
The Police in Banja Luka banned the “Open Air Assembly”
Cudic: He brought BiH to the brink of Conflict
Uk, Czech Ambassador Discuss Possible Direct Air Line Between Sarajevo and Prague
Osmić and Italian Ambassador Visiting the Project Beneficiaries of “NATO Perspective” Today
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Another 2.5 Billion BAM for the Construction of Corridor 5C
Next Article 30th Anniversary of Crimes against Bosniaks in Visegrad marked
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Party Leaders arrive at the Meeting of the Opposition
June 14, 2026
UDIK: Bikavac is One of the most Cruel Crimes committed against Bosniaks
June 14, 2026
Esmir Bajraktarevic is the Second fastest Player at the World Championship so far
June 14, 2026
Becirovic and Canadian Governor Louise Arbor exchanged Jerseys
June 14, 2026
Barbarez moves to Salt Lake City to prepare for Switzerland
June 14, 2026
Time Running Out: Opposition Struggles to Unite Against SNSD
June 14, 2026
Direct Flights Boost Tourism Growth in Sarajevo
June 14, 2026
FPA: Two Persons from Travnik detained for Faking Traffic Accidents
June 14, 2026
Euphoria after the Draw: Fans believe in BiH’s Progress
June 14, 2026
Release of War Criminal Ratko Mladic Requested at the Security Council
June 14, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?