The Central European Free Trade Agreement (CEFTA) is a trade agreement aimed at promoting free trade and economic cooperation among its member countries in Central and Eastern Europe. Established in 1992, it originally included countries like Poland, Hungary, and Czech Republic, but has since expanded to include nations such as Serbia and Montenegro. CEFTA facilitates the reduction of tariffs and trade barriers, encouraging economic growth and integration in the region. CEFTA plays a crucial role in enhancing trade relations and fostering stability among its members. By creating a unified market, it helps countries improve their competitiveness and attract foreign investment. The agreement also serves as a stepping stone for member states aspiring to join the European Union, aligning their trade policies with EU standards.