EU wants fewer imposts for businesses

Representatives of the European Commission have arrived to Belgrade to meet with the Serbian Ministry of Economy and other government bodies to define the conditions for the opening of negotiations about chapter 20 (Entrepreneurship and Industrial Policy) in the EU accession process.

Since this chapter contains no formal requirements, the European Commission’s suggestions will be directed more towards creating industrial strategies, and changing the current, very comprehensive approach to a more sectoral one.

In other words, when creating policies and rendering support to businesses, the government will have to look separately at four sectors – food industry, rubber and plastics industry, metal processing and machine building industry, and wood processing industry. A government source also says that they are still not sure whether IT will be treated as a separate sector, or whether it will be integrated into the four aforementioned sectors.

“In 2016, the Ministry of Economy started preparing for harmonization with the EU standards in this segment which entails defining potential of each sector, and not of entire economy. Based on the devised methodology, four sectors were selected for which the government is going to draft sectoral strategies. This means that the current strategy for Serbia’s industrial development, covering the period from 2011 to 2020, will have to be changed in order to establish sectoral priorities and support measures. Furthermore, the European Commission is going to ask the authorities to reduce the number of imposts for businesses (there are 385 of them) with the view of reducing the current costs from 20 million EUR to 18 million EUR by 2020”, the source of the Blic says.

The Serbian government is yet to comment on this.

(Blic, 28.03.2017)

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