IB3414 – International Trade Policy

‘’Kosovo Free Trade Deal With EU lapse’’

Kosovo is a new born country in Southeast Europe in the heart of Balkan Peninsula who declared it’s independence on 17th February 2008. So it’s basically a 8 year old country. It’s capital and largest city is Prishtina. Euro is the official currency used in Kosovo. In 1999 Kosovo used German Mark in order to get rid of the Serbian dinar which later turned into Euro as mentioned above. It is surrounded by 4 countries which are: Albania, Macedonia, Montenegro and Serbia. It has a quite good geographical area but the political problems makes it feel like it’s not.

According to the European economy Kosovo is a really poor country. It’s total GDP is 7.813 billion dollars where on the other side it’s GDP per capita is 4.420 dollars. Kosovo among all of the parts of Former Yugoslavia was the poorest one. Which is the one of the reasons why Kosovo still is poor than the rest. Problems with Serbia made it a little bit hard to grow as well but being forced to live in bad conditions is the main factor which that made Kosovo what it is now. A ten year concurrence with the European Union permitting Kosovo to fare products into the zone obligation free has not been restored on account of contentions over the nation's debated status.

Kosovo's endeavors to fare products to Europe and draw in remote speculation have endured another blow following the special exchange assention between the EU and Kosovo terminated on January 1.

With an end goal to bolster the financial incorporation of the Western Balkans into the European Union and foster political steadiness, the EU built up exchange concurrences with Albania, Bosnia, Croatia, Macedonia, Montenegro, Serbia and Kosovo in 2000.

The measures permitted duty-free and boundless access