SARAJEVO, Feb 11 (Hina) - Bosnian authorities are preparing the introduction of new excise duties on products imported from Croatia, as well as from other countries. A whole set of measures which will change the current regime of
trade in high-tariff goods is being prepared, Foreign Trade Minister Azra Hadziahmetovic has announced. The measures aim to "protect domestic production and prevent crime and smuggling." The excise duties will be based on reciprocity, i.e. amount to those the other country collects on Bosnian goods, Bosnian Federation Finance Minister Nikola Grabovac has said. He maintains it makes no sense to have some cigarette brands manufactured in Croatia cost less in Bosnia than in Croatia. The announcement of new excise duties will certainly open a debate on compliance with the Croatian-Bosnian free trade agreement, which went into force last year. Under Article Fo
SARAJEVO, Feb 11 (Hina) - Bosnian authorities are preparing the
introduction of new excise duties on products imported from
Croatia, as well as from other countries.
A whole set of measures which will change the current regime of
trade in high-tariff goods is being prepared, Foreign Trade
Minister Azra Hadziahmetovic has announced. The measures aim to
"protect domestic production and prevent crime and smuggling."
The excise duties will be based on reciprocity, i.e. amount to those
the other country collects on Bosnian goods, Bosnian Federation
Finance Minister Nikola Grabovac has said. He maintains it makes no
sense to have some cigarette brands manufactured in Croatia cost
less in Bosnia than in Croatia.
The announcement of new excise duties will certainly open a debate
on compliance with the Croatian-Bosnian free trade agreement,
which went into force last year.
Under Article Four of the agreement, neither side will introduce
new tariffs or other duties on industrial products. Article 11
applies the same provision to farm produce.
The agreement states, however, that each signatory is entitled to
take measures to protect its market, which is what the Bosnian side
refers to in the case of higher excise duties.
(hina) ha sb