Accession to the EU: Advantages and potential risks

By signing the Stabilization and Association Agreement with the European Union on April 29, 2008, Serbia committed itself to harmonize its legislation with the aquis communautaire of the European Union. Perception of the basic characteristics of the European Union legal system and its understanding is important in the context of harmonization, i.e. in the context of the measures for the establishment of a common and internal market, as well as of a pre-accession strategy of a third country for the accession to this organization. Therefore, a candidate country is expected to create a favourable legal environment for the operation of local economic entities in the internal market. In order to succeed in that, it needs to harmonize its legislation with the acquis communautaire gradually, and first of all, it is necessary to be well familiar and have full understanding of the EU regulations which are expected to be transposed by a candidate country.