THE EFFECT OF NON-TARIFF BARRIERS ON TRADING FLOWS BOSNIA AND HERZEGOVINA WITHIN CEFTA 2006
Keywords: standards, barriers, administrative measures, trade, free trade, liberalization
AbstractMain objective of this paper is presentation of non-tariff barriers influence on trading flows among countries withinÂ CEFTA 2006, in other words, position of Bosnia and Herzegovina in terms of agreement. CEFTA 2006 representÂ middle-European zone of free trade founded for the purpose of trading flow strengthening within WesternÂ Balkan countries on the path of their accession to EU. According to that, Bosnia and Herzegovina as a memberÂ of CEFTA 2006 tries to reach better economic position within agreement and accelerates its integrationÂ toward EU. Although, on the path to trade liberalization countryâ€™s members cancelled tariffs and quotes in theirÂ relationships, while they continued to use non-tariff barriers at the large extent. Consequently, n this paper weÂ intended to lighten the role and trade position of Bosnia and Herzegovina within CEFTA 2006. We concludedÂ that Bosnia and Herzegovina achieved enviable economic result regarding strength of trading flows and competitiveness.Â Despite of this, we also concluded that position of Bosnia and Herzegovina could be better withinÂ CEFTA 2006. if countryâ€™s members eliminate invisible tariffs, or if Bosnia and Herzegovina would performedÂ more actively in the process of reforms conduction in the field of annulling of non-tariff barriers.