Supporting efforts to strengthen democracy and the rule of law in Bosnia and Herzegovina - Contributing to political, economic and institutional stability in BiH and the wider region - Providing a framework for political dialogue, allowing for the development of close political relations between the EU and BiH - Supporting the development of economic cooperation and international cooperation in BiH, including through the approximation of its legislation to that of the Community - Supporting efforts to complete the transition to a market economy - Promoting harmonious economic relations and developing gradually a free trade area between BiH and the Community - Fostering regional cooperation in all fields covered by the agreement
The agreement expressly refers to the possibility of BiH to become a candidate country for membership of the EU. The agreement is to open political dialogue with BiH and for enhanced regional cooperation, including provisions on free trade areas between the countries of the region, the free trade area for within 5 years of entry into force of the agreement. BiH is committed to approximate its legislation to that of the EC, notably in the key areas of the internal market. The agreement is an important step in the establishment of a stable order based on cooperation within the framework of the EU’s stabilization and association process with the countries of south-eastern Europe, as well as within that of the stability pact for south-eastern Europe. An interim agreement is in place for implementing as quickly as possible the SAA. - The full association shall be progressively realised. No later than the third year after the entry into force of this Agreement, the Stabilisation and Association Council shall make a thorough review of the application of this Agreement. On the basis of this review the Stabilisation and Association Council shall evaluate progress made by Bosnia and Herzegovina and may take decisions governing the following stages of association.