The following amendments to the agreement have been included in the original document. This consolidated version is only documentary. On 7th November the EU and Serbia initialled a Stabilisation and Association Agreement (SAA). This agreement, which defines the respective rights and obligations of the signatories, provides a framework for the implementation of the reforms that will bring this potential country closer to the EU. The Stabilisation and Association Agreements are part of the EU Stabilisation and Association Process (SAP) and the European Neighbourhood Policy (ENP). At present, the countries of the Western Balkans are at the centre of sap`s concerns. Specific Stabilisation and Association Agreements (SAAs) have been implemented with various Balkan countries, which explicitly contain provisions on the future accession of the country concerned to the EU. The AAs resemble in principle the Europe Agreements signed in the 1990s with the countries of Central and Eastern Europe and the Association Agreement with Turkey. To contribute to the achievement of the objectives of this Agreement, North Macedonia may receive EU financial assistance in the form of grants and loans, including loans from the European Investment Bank.
The decision has been in effect since February 26, 2009 and the contract since April 1, 2009. The Stabilisation and Association Agreement (SAA) is part of the third generation of Association Agreements with the European Union, which provides for the establishment of close and lasting relations with the European Union with the countries participating in the Stabilisation and Association Process. The agreement with Kosovo was the first to be signed after the entry into force of the Treaty of Lisbon, which has the legal personality of the EU. The joint bodies of the European Union and Bosnia and Herzegovina provided for in Articles 115-121 of the SAA are: the Stabilisation and Association Council, the Stabilisation and Association Committee and the Stabilisation and Association Committee which, within one year of the entry into force of this Agreement, shall set up the necessary subcommittees. . . . .