Serbia - Non-customs barriers hampering trade with Macedonia to be eliminated

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts
  • Makedonetz
    Senior Member
    • Apr 2010
    • 1080

    Serbia - Non-customs barriers hampering trade with Macedonia to be eliminated

    Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic will be on a one-day working visit to Skopje tomorrow during which he will meet with Macedonian officials to discuss the improvement of economic cooperation between their countries.

    Dinkic will meet with Macedonian Prime Minister Nikola Gruevski and Deputy Prime Minister Vladimir Pesevski.

    Economic cooperation between Serbia and Macedonia is mostly based on the exchange of goods and is quite satisfactory. Since June 2006 it has been customs-free, in line with the Free Trade Agreement, signed in October 2005, and the multilateral CEFTA agreement from 2006.

    For years Serbia has been recording a surplus in trade with Macedonia. In 2009 the total trade between the two countries stood at USD 663 million, of which Serbia’s export was USD 429.1 million, and import USD 233.9 million.

    The largest Serbian exporters to Macedonia are US Steel, Swisslion, Tetra Pak, Maxi, Grand Inzenjering, Dijamant, Alfa-Plam, Hip-Petrohemija, CT Computers, Kolubara mining basin and others.

    The trade with Macedonia, which has been fully liberalised by the CEFTA agreement, is hampered by non-customs barriers related to complicated procedures at border crossings, recognition of quality certificates, a discrepancy in standards and technical regulations with international standards and a lack of adequate road and other infrastructure, all of which affects Serbian export.

    The elimination of these barriers will be one of the topics of tomorrow’s meeting between Dinkic and Macedonian officials.

    Over the last several years Serbian investment in Macedonia amounted to approximately USD 40 million. However, no significant Macedonian investment in Serbia has been registered so far, apart from that of the Seavus Company, which in 2008 invested in a telecommunications, IT and software development centre in Nis.

    Serbia’s largest investment in Macedonia is BOMEX’s Greenfield investment in the production of magnesium blocks, amounting to €15 million.

    Larger Serbian companies with representative offices in Macedonia are Zdravlje, Galenika, Hemofarm, Jat Airways, Swisslion and Delta M.


    So much interest for a country they say we dont exist....but why are we not allowed to invest there....we are getting robbed of our resources by this damn Free Trade Agreement.
    Makedoncite se borat
    za svoite pravdini!

    "The one who works for joining of Macedonia to Bulgaria,Greece or Serbia can consider himself as a good Bulgarian, Greek or Serb, but not a good Macedonian"
    - Goce Delchev
Working...
X