News in English     | 09.11.2020. 15:32 |

Bregu: WB governments to take responsibility to implement Common Regional Market

FENA Press release

SOFIA/SARAJEVO, November 9 (FENA) - “Tomorrow, the six Western Balkan leaders will endorse the new Action Plan for this region - Common Regional Market. Common Regional Market is not a novelty from the scratch: It is a great plan based on four freedoms, the same as EU Single Market, strengthened with investment, digital, industry and innovation. We are proud to have shouldered the heavy burden of this process together with EU NEAR, regional organizations, IFI-s, and other partners. But, governments will have to shoulder the responsibility to implement this plan,” said Majlinda Bregu, Secretary-General of the Regional Cooperation Council (RCC), at the Meeting of the Ministers of Foreign Affairs held today within the Berlin Process.

Western Balkans is not a perfect region. Unemployment, economic situation, brain drain, young people leaving our economies is the daunting reality of WB. 20 years ago, a lot of people who sought refuge from the wars were coming back home. Today 71% of Western Balkans youth think about going to work abroad whilst 43% of them are ready to leave in search of the lost hope. The regional growth is forecasted to fall to -5.1%. GDP drop in the second quarter of this year is striking, in some cases up to -20%, largely due to the collapse in tourism.

“In this environment, it is not easy to progress, that is why we need not complicate our lives further, but give a chance to put in place the very proposals WB6 economies helped to shape. Politics focused on borders and disputes will not make WB richer. I do hope Common Regional Market will be endorsed and implemented so as to ensure a deeper economic integration of the region. If so happens, the gains will be broadly shared,” concluded Bregu.

The ministerial meeting hosted by the Ministry of Foreign Affairs of Bulgaria and co-chaired by Ekaterina Zaharieva, Deputy Prime Minister and Minister of Foreign Affairs of Bulgaria and Bujar Osmani, Minister of Foreign Affairs of North Macedonia, gathered Berlin Process foreign ministers, EU representatives and representatives of intergovernmental organizations. 

The Berlin Process is an initiative aimed at stepping up regional cooperation in the Western Balkans and aiding the integration of the WB6 into the European Union. It was launched on 28 August 2014 by the German Chancellor Angela Merkel. This year Bulgaria and North Macedonia are holding joint Chairmanship over the Berlin Process.

The Common Regional Market continues on the results of the Multiannual Action Plan for the Regional Economic Area (MAP REA) that was endorsed in Trieste 3 years ago, when the WB6 leaders agreed to give a chance to this region to build its own economic area by enabling an unobstructed flow of goods, services capital and highly skilled labor, making the region attractive and fit for investment. REA paved the way through a mixed track record of success stories. Now we pay up to 96% less roaming charges in the entire Western Balkans, and from July 2021 it will be 0. Goods trade increased by 25% while FDI saw an increase of 35% since 2016.

The Sofia Summit gathering Prime Ministers of the Berlin Process where the Common Regional Market Action Plan, as well as the Green Agenda for the Western Balkans and Conclusions of the Ministerial Meeting on Roma Integration, are to be endorsed, is to take place tomorrow.  The RCC Secretary General Majlinda Bregu is to speak at the beginning of the official session, together with Angela Merkel, Chancellor of Germany, and Olivér Várhelyi, European Commissioner for Neighbourhood and Enlargement, announced the RCC. 

 

(FENA) S. R.

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