Serbia, Bosnia to drop trade barriers

The deadline for removing all customs and non-customs barriers between Serbia and Bosnia-Herzegovina is January 1, 2008.

Izvor: EM Online

Tuesday, 10.07.2007.

14:15

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Serbia, Bosnia to drop trade barriers

Milosavljević expects the trade barriers to be removed before year’s end and pointed out, during a meeting between Serbian and Bosnian representatives discussing trade issues between the two countries, that the volume of trade has grown 20 to 30 percent annually in the last few years.

Bosnian Minister of Foreign Trade Slobodan Puhalac said that to boost trade the two countries should introduce common foundations in their agricultural policies and harmonize the treatment of import and export goods subject to excise tax.

The total volume of trade between Serbia and Bosnia in 2006 was US$ 1bn, of which Serbia’s exports to Bosnia amounted to US$ 760mn, while imports were at US$ 370mn.

Bosnia-Herzegovina is ranked second on Serbia’s list of export partners and is eighth in terms of total import volume.

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