Cadez: Atlantic Council supports Little Schengen initiative

Chamber of Commerce and Industry of Serbia (PKS) President Marko Cadez on Wednesday said in Washington that experts of the Atlantic Council - an influential US-based institute - were supportive of progress in strengthening regional integration in the Western Balkans through the Little Schengen initiative.

15 Jan 2020 17:29

WASHINGTON - Chamber of Commerce and Industry of Serbia (PKS) President Marko Cadez on Wednesday said in Washington that experts of the Atlantic Council - an influential US-based institute - were supportive of progress in strengthening regional integration in the Western Balkans through the Little Schengen initiative.

It is a new agenda for growth and economic strengthening, greater regional stability and accelerated reforms aimed at enabling Western Balkan economies to be more prepared and quicker when it comes to EU accession, he said at a round table with a group of Atlantic Council experts.

Outlining the advantages of regional integration, he said ongoing, stepped-up activities aimed at building a single market were now stronger and more effective thanks to the political leadership and the clear political priorities set by the president of Serbia and the PMs of Albania and North Macedonia.

"The initiative to build a Western Balkan economic area - a common market and the region as a single investment destination where citizens and businesses will enjoy the benefits of free movement of people, goods, services and capital - will expand the operating space for local businesspeople.

It will significantly reduce costs, boost competitiveness, accelerate trade and enable growth of trade within the region and internationally. That is just what the region's business community, represented by the Western Balkans Chamber Investment Forum, has been pushing for as well," he said, noting that the region was a market of 18 million consumers.

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