Future of Serbia's tobacco industry

Serbia will keep its obligations to the tobacco industry, regardless of CEFTA provisions, Milan Parivodić says.

Izvor: B92

Saturday, 17.03.2007.

12:35

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Future of Serbia's tobacco industry

The problem with the tobacco industry began in the wake of signing of the CEFTA agreement, which obliged Serbia to annul the difference in excise duties that levied higher taxes for imported cigarettes. The mentioned difference served to protect domestic tobacco industry. Following the privatization of tobacco plants in Niš and Vranje, the state vowed to keep the excise margin by 2009.

Parivodić presented Mandelson with a proposal to settle the problem and said that the public would be familiar with the details of the solution after the government’s next session scheduled for Thursday, March 22.

“The EU Trade Commissioner approved of our proposal to solve the issue. He was satisfied with the accord we reached with Fillip Morris and Japan Tobacco over the state’s obligation towards the tobacco industry,” Parivodić said adding that he pledged on behalf of Serbia to “nurture genuine free trade in the Balkans region.”

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