Central European Free Trade Agreement
Imagine you have some friends who live in different houses on your street, and you all have toys you like to trade with each other. Sometimes you trade with your friends who live nearby, and sometimes you trade with friends who live farther away. The Central European Free Trade Agreement, or CEFTA for short, is kind of like that but for grown-ups who live in different countries.
CEFTA is a group of countries in central and eastern Europe that came together and agreed to make it easier to trade with each other. They did this by removing or reducing taxes on goods that are imported or exported between the member countries. This means that companies in one country can sell their products to customers in another country without having to worry about extra taxes making their products more expensive.
The goal of CEFTA is to improve economic growth and cooperation between these countries, and to make it easier for people to buy and sell goods across borders. CEFTA countries include Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, and the Republic of Moldova.
Overall, CEFTA is like a big toy-sharing circle where grown-up countries try to help each other out by making it easier to trade and do business with each other.
CEFTA is a group of countries in central and eastern Europe that came together and agreed to make it easier to trade with each other. They did this by removing or reducing taxes on goods that are imported or exported between the member countries. This means that companies in one country can sell their products to customers in another country without having to worry about extra taxes making their products more expensive.
The goal of CEFTA is to improve economic growth and cooperation between these countries, and to make it easier for people to buy and sell goods across borders. CEFTA countries include Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, Serbia, and the Republic of Moldova.
Overall, CEFTA is like a big toy-sharing circle where grown-up countries try to help each other out by making it easier to trade and do business with each other.