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In the presence of their Prime Ministers as well as high-level representatives of the European Union and the United Nations, Foreign Ministers Nikola Dimitrov and Nikos Kotzias signed today at the Prespa Lake the agreement resolving the name issue, following 25 years of diplomatic negotiations between the two countries.
In the Western Balkans, the prospect of EU membership is an important driver for economic reform essential to enhance trade and investments. The trade flow between the EU and the Western Balkans has over the past 10 years more than doubled, reaching almost 44 billion Euros in 2016. Trade is largely liberalised, and more and more European companies are including the Western Balkans in their value chains. This process of business integration has been a powerful engine for creating jobs in EU member states.