Abstract

Given the crucial role of the agricultural sector in the economic development of the Republic of Srpska, trade in agri-food products is of considerable importance, particularly with CEFTA countries. This paper investigates the impact of the multilateral trade agreement CEFTA on agri-food trade flows. Using statistical data from 2013 to 2021 and applying descriptive analysis methods, the paper aimed to assess exports, imports, and total trade in agri-food products. The findings reveal that CEFTA implementation positively affected agri-food product exports and overall trade volume between the Republic of Srpska and the CEFTA countries. Specifically, the results have indicated a consistent trade deficit in the total trade volume of the agri-food sector, highlighting the necessity for and significance of policy measures aimed at enhancing competitiveness and reducing the trade gap.           

Key words: Agri-food industry, CEFTA, Republic of Srpska, Trade impact.