Today Tuesday, 28th September 2021
Finance and Fitness Today

Your latest news, ideas, strategies. Keep up to date with all the latest information.

Heath Tips

  • In enim justo, rhoncus ut, imperdiet a
  • Fringilla vel, aliquet nec, vulputateDonec pede justo,  eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo.Nullam dictum felis eu pede mollis pretium.

Recent posts

Kosovo to partially remove tariffs on Serbian-made goods

Kosovo to partially remove tariffs on Serbian-made goods
imageCommodities6 hours ago (Feb 27, 2020 02:36PM ET)

By Fatos Bytyci

PRISTINA (Reuters) – Kosovo’s prime minister said on Thursday the government will partially remove the 100 percent tariffs on goods produced in Serbia, bowing to demands from the United States and European Union, which mediate talks between Belgrade and Pristina on normalising ties.

In November 2018 Kosovo introduced the tariffs after Serbia blocked its former breakaway province’s membership in international organizations including Interpol and UNESCO. The tariffs were also introduced for goods produced in Bosnia, whose Serb-run half is blocking recognition of Kosovo.

Following the introduction of tariffs Belgrade stepped out from an EU-mediated dialogue with Pristina, saying it would continue only once the tariffs were removed.

The EU and U.S., both of which still have peacekeeping troops in Kosovo, kept pressure on Kosovo’s new government to remove taxes to continue the dialogue that would enable Kosovo to become a member of the United Nations.

“From March 15th we will remove the tariffs on raw materials that are imported from Serbia and Bosnia and Hercegovina,” Prime Minister Albin Kurti said in an extraordinary press conference

“This is a sign of good will and readiness to resolve trade, economic and political issues between Kosovo and Serbia.”

Kurti said that if Serbia stops its campaign asking countries to recall recognition of Kosovo, tariffs on all goods would be removed on April 1 for a period of 90 days.

In 2017, Serbia’s exports to Kosovo totalled 450 million euros ($515 million) and Bosnia’s 80 million euros.

Serbia lost control in Kosovo following the 1999 NATO bombing against Yugoslavia to halt killing and expulsion of ethnic Albanian civilians during a two-year insurgency.

Backed by the United States and most of the European Union countries, Kosovo declared independence in 2008.

Belgrade, which in its constitution considers Kosovo to be part of Serbia, with its ally Russia has been blocking Kosovo’s membership in international organizations including the United Nations.

There was no one available in the Serbian government to comment on Kurti’s announcement.

Kosovo to partially remove tariffs on Serbian-made goods

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Posts

Read also x