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The SUMMIT ends, family photo of Western Balkan leaders and EU representatives

2024-02-29 11:08:54Politikë SHKRUAR NGA REDAKSIA VOX

The SUMMIT ends, family photo of Western Balkan leaders and EU representatives

The Summit of the Western Balkans with the EU for  the "Economic Growth Plan" has ended .

After the end of the Summit, a family photo was taken of the leaders of the Western Balkans and the representatives of the EU.

The summit lasted about 1 hour and discussed the economic growth plan, as well as the process of integration of the countries of the Western Balkans into the EU.

What is the approved economic growth plan?

The new plan for economic growth in the countries of the Western Balkans, approved by the European Commission on November 8, 2023, is based on four pillars.

The first pillar is "strengthening economic integration in the EU single market".

This will depend on the adaptation of the countries of the region to the rules of the single market and, in parallel, the opening of their market in the relevant sectors to the neighboring countries.

The second pillar of this plan is "strengthening economic integration within the Western Balkans through the common regional market".

This, according to the experience of the EU, will affect a potential economic growth of 10 percent.

The third pillar of this plan is "acceleration of fundamental reforms". This also means the rule of law, which also helps attract foreign direct investment and strengthens regional stability.

The fourth pillar of the European Commission's new plan for economic growth in the Western Balkans is "increasing financial assistance to support reforms". This includes the proposal for 6 billion euros in aid.

Since the countries of the region in their trade relations with the European Union also benefit from the relevant Stabilization-Association Agreements, the EC proposes to go beyond this, making changes to these agreements to enable equal conditions in the market and between the countries in the enlargement process and EU member countries.

All these goals are also in line with the ideas that are being realized through the Berlin Process, as well as the creation of the "common regional market"


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