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CEFTA MEETING ENDS IN SLOVENIA

LJUBLJANA, Nov 7 (Hina) - Participants in the CEFTA plenary assembly, which took place in the Slovene resort of Brdo kod Kranja on Friday, said in a document they adopted at the end of the meeting that it was necessary to maintain good cooperation which CEFTA (Central European Free Trade Agreement) member-states had achieved in the past ten years since the CEFTA was formed.
LJUBLJANA, Nov 7 (Hina) - Participants in the CEFTA plenary assembly, which took place in the Slovene resort of Brdo kod Kranja on Friday, said in a document they adopted at the end of the meeting that it was necessary to maintain good cooperation which CEFTA (Central European Free Trade Agreement) member-states had achieved in the past ten years since the CEFTA was formed. #L# They agreed that economic cooperation was of special importance. This level of cooperation should be maintained also after 1 May 2004, when five of eight CEFTA members, namely Poland, the Czech Republic, Slovakia, Hungary and Slovenia, are to join the European Union, while Croatia, Bulgaria and Romania will remain in the CEFTA. It was Slovenia that showed a particular interest in it, as Ljubljana has large trade with Croatia, but as of May next year the trade between the two neighbours will be regulated by the EU- Croatia Stabilisation and Association Agreement, and no longer by the bilateral free trade deal. Slovene Economy Minister Tea Petrin announced that the CEFTA members, which would enter the EU next year, would ask the Union to adjust agreements it had with Croatia, Bulgaria and Romania to new circumstances so that conditions of the trade with the three countries would not be affected by a new situation. (hina) ms sb

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