Serbia’s exports to Kosovo decreased by 99% due to taxes

The value of Serbia’s exports to Kosovo decreased by about 440 million euro and Bosnia and Herzegovina’s (BiH) by about 80 million euro in a year since Kosovo started implementing the 100% taxes on goods from these two countries, while, in the same period, Kosovo imported only 6-million-euro worth of products from Serbia and BiH, Kosovo customs director Bahri Berisha said in a statement for Radio Free Europe (RFE).

A year after the introduction of a 100% tax on goods from Serbia and Bosnia and Herzegovina, the financial damage for the two countries is enormous, while Kosovo has largely managed to replace products with goods from other countries, reports RFE.

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The Kosovo government introduced customs in order to boost domestic production, the economy and the state, but also to protect Kosovo’s vital interests, due to Serbia’s “aggressive international campaign against Kosovo”.

Customs report that imports from Serbia and Bosnia and Herzegovina have decreased by 99%.

“The value of annual imports of products from Serbia, before taxes, was about 450 million euro and from Bosnia and Herzegovina about 85 million euro. One year after the introduction of the measures that are in place to safeguard our country, imports decreased by 99% during the last year. This means that imports from Serbia have decreased by about 440 million euro and from BiH by about 80 million euro. Imports from both countries now amount to 6 million euro,” says Berisha.

As far as customs revenues are concerned, he adds, there have been no significant changes as products from Serbia and Bosnia and Herzegovina have been replaced with products from other countries.

(N1, 20.11.2019)

http://rs.n1info.com/Biznis/a545485/Izvoz-Srbije-na-Kosovo-sa-450-pao-na-10-miliona-evra-godisnje-zbog-taksi.html

 

This post is also available in: Italiano

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