The existing legal framework that regulates the relations between the Republic of North Macedonia and the European Union is established through the Stabilization and Association Agreement (SAA) that the Republic of North Macedonia in April 2001 signed with the European Communities and their member states, and it entered into force in 2004 after the ratification by all signatories. The signing of the SAA obliged our country to observe one of the basic principles underlying the single market of the European Union - the free movement of capital, which implies full, but phase liberalization of the flows from the capital and financial account.
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