CEFTA Agreement and Opportunities for Wood Furniture Export of the Republic of Macedonia

Abstract

This paper is focused on business possibilities of CEFTA 2006 and its influence on export trend of wood furniture from the Republic of Macedonia. First, six categories of wood furniture export are analyzed such as: office furniture, kitchen furniture, bedroom furniture, living and dining room furniture, shop furniture and other furniture, presenting a positive trend in each category, except for living and dining room furniture. The total export of wood furniture shows a positive trend. The second part presents comparative research using mathematical and statistical methods for determining wood furniture export trends, analyzing the export to different countries and the use of the CEFTA 2006 agreement. The results show a positive trend of export of wood furniture from Macedonia towards CEFTA countries. The main purpose of this research is to provide an overview of the use of the CEFTA 2006 agreement in the fi eld of wood furniture export from the Republic of Macedonia, providing policy and business recommendations for the use of the CEFTA 2006 agreement. Taking into consideration the CEFTA 2006 agreement benefi ts, CEFTA member countries would become more competitive and prepared towards the European and global market.

Keywords

• CEFTA
• wood furniture
• export
• cooperation
• forecasting trends