Development of Exports and Imports of Kosova with European Union Countries
Journal Title: Manager Journal - Year 2009, Vol 9, Issue
Abstract
Kosova, within the nine years period, has moved from a post conflict country to a country considered to be in transition. Kosova has passed from its determination for reconstruction of the country to the orientation towards economic development and integration to European structures. But economic development is not yet sufficient in order to address challenges that Kosova is facing, such as high percentage of unemployment and high deficit of trade exchange. The unemployment rate in Kosova is the most concerning economic issue. Unemployment norms move from about 30 % (IMF) to 40% (SOK, 2006). High deficit of recurrent accounts also present a great concern for Kosova economy, which has been evaluated to be 17.3% of gross domestic production (GDP) following receipt of assistance from abroad, and decrease of trade deficit remains one of economic priorities in Kosova. Current ways of cooperation between countries are based on ignoring existing borders and mutual cooperation among people of the world, based on freedom and equality among entities of market economy. Kosova supports open economic policies and it achieved to sign some of Free Trade Agreements (FTA) with regional countries of western Balkans. It is expected that Kosova will endorse other FTA also with other countries in the region and wider since these actions are to be taken in order to support economic development of Kosova. In the post war period, the main trade partner of Kosova has been European Union (Germany, Greece, Slovenia, Italy, and Austria), whose participation in general import of Kosova for 2004 was 26.7%, while this integration in general export of Kosova in 2004 was 28.7%. The purpose of this study is that I wanted to present importance of trade cooperation of Kosova with UE countries and offer information of the course of imports and exports of Kosova with EU countries, as well as to analyze possibilities and advantages that this cooperation offers for economic development of Kosova.
Authors and Affiliations
Myrvete Badivuku-Pantina
Keywords
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