BUSINESS ADVISORY COUNCIL FOR SOUTH EASTERN EUROPE
The members of the Business Advisory Councils of the Southeast European
Cooperative Initiative (SECI) and the Stability Pact for South Eastern Europe
(SP), at their first joint meeting in Skopje on 11 December 2002, have
unanimously decided to join efforts and create the Business Advisory Council
for South Eastern Europe.
The BAC for South Eastern Europe will strive to build viable partnerships
between government/administration and the private sector in each country and in
the region. These partnerships will enhance the efforts in promoting investment,
business development, environment and employment.
One of the primary objectives of the BAC is to make South Eastern Europe an
attractive place to invest. The BAC will do this by identifying specific obstacles to
trade, infrastructure and investment and promoting viable strategies for removing
The BAC will have three primary functions:
To advise the Stability Pact, EU-Commission, IFI’s and governments of the
donor countries on business matters in SEE and request their intervention
To advise governments and business communities in the recipient countries,
and to ensure an effective follow-up of recommendations.
To attract investment to SEE and to increase trade with and among SEE-
countries (concentrating especially on SME’s), through: regional business
missions, Business Support Offices, the Business Information and Clearing
Center, PRO Committees, investment conferences in donor countries,
country teams, and other instruments and networks.
Economic hardship and indigence are among the main perpetrators of social
unrest and instability in Southeast Europe. Intensive economic restructuring and
an influx of foreign capital and investments are catalytic forces in job creation,
prosperity, economic growth and stability. By pursuing its above-mentioned
objectives, BAC for South Eastern Europe will strive to be a driving force to make
the region competitive, stable and prosperous for generations to come.
December 11, 2002