Common Regional Market (CRM)

The Common Regional Market (CRM) is an initiative that was launched at the Sofia Summit of the Berlin Process in 2020. It aims to better integrate the economies of the region, enable an unobstructed flow of goods, services, capital and people while also covering aspects of digital, investment, innovation and industry policy. This shall makethe region more attractive for investment and trade while accelerating convergence of the Western Balkans (WB) with the European Union (EU).

Among other aspects, the CRM’s Regional Innovation Area component supports the development of a regional innovation ecosystem, including knowledge transfer from academia to the industry.

The implementation of the CRM Action Plan is being coordinated by regional organisations (e.g. the Regional Cooperation Council (RCC) and the Central European Free Trade Association (CEFTA)) with support from the European Commission.

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