The SEECP is a close regional partner of the Stability Pact and its working platform for the past year complemented activities within the Pact in a very fruitful way, Special Co-ordinator Erhard Busek concluded at the SEECP Summit in Belgrade 9 April 2003. The completion of the negotiations in February 2003 for 21 free trade agreements in Southeast Europe were accompanied and facilitated by SEECP activities, as were telecommunications and the fight against organised crime along with energy, were the SEECP driven co-operation added momentum to the process culminating in the signing of the Memorandum on Electricity in Athens, 15 November 2002. The four ministerial conferences on these topics held during the Serbia & Montenegro presidency delivered an additional political underpinning for the Stability Pact activities in these domains.

Another important function was the representation of the SEECP as the co-ordinated voice of Southeastern Europe in the Brussels based Informal Consultative Committee (ICC), which comprises SEECP, the EU Council, the EU Commission and the Stability Pact. Serbia & Montenegro was the first SEECP Presidency to fulfil this function. Special Co-ordinator Busek underlined that the consultation mechanism established between SEECP partner to that end proved a very useful communication link for other questions of regional co-operation as well. He wholeheartedly encouraged Bosnia-Herzegovina to follow this line and pledged full Stability Pact support during the upcoming year, including support by the SEE Business Advisory Council for investment promotion.