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PIC HAILS BOSNIA'S DECISION TO REFORM DEFENCE SYSTEM

MOSTAR, Sept 27 (Hina) - Political directors of the Peace Implementation Council (PIC) in Bosnia-Herzegovina applaud the decision of the authorities to reform the defence system and urge them to pass a law which will establish a state-level intelligence agency and taxation system.
MOSTAR, Sept 27 (Hina) - Political directors of the Peace Implementation Council (PIC) in Bosnia-Herzegovina applaud the decision of the authorities to reform the defence system and urge them to pass a law which will establish a state-level intelligence agency and taxation system. #L# In a statement delivered to the media on Saturday after a two-day PIC session in Sarajevo which ended yesterday, the Council says economic reforms represent an important part of the adjustment of Bosnian institutions to European Union standards. The establishment of a single customs administration and modern value added tax system will turn Bosnia into a more efficient single market and an attractive proposition for investors, which in turn will create new jobs, read the statement. The PIC called on Bosnia's Council of Ministers to adopt a draft law on indirect taxation and put it to parliament so that it could go into force on January 1, 2004. Otherwise, Bosnia will continue to face cash drain, which will keep state finances from improving, it added. The PIC also supported a commission set up by the international high representative in the country for the purpose of unifying the southern city of Mostar, currently divided into Croat and Muslim sections. (hina) ha

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