Concluding the Stabilisation and Association Agreement
The Council of the EU adopted on 21 April a decision concluding the Stabilisation and Association Agreement (SAA) with Bosnia and Herzegovina (BiH). It is expected that the Agreement would enter into force on 1 June 2015.
The Stabilisation and Association Agreement constitutes the framework of relations between the European Union and BiH. The agreement establishes gradually a free trade area between the EU and the country. It also identifies common political and economic objectives and encourages regional co-operation. In the context of accession to the European Union, the agreement serves as the basis for implementation of the accession process.
The decision will allow BiH to move forward in its relations with the EU and it should provide a positive stimulus to continue socio-economic, judicial, and other necessary reforms for the EU integration of the country. The overall aim is to allow BiH to prepare itself for future EU membership.