Serbia loses €1.39mn a day from Kosovo’s 100% import tariffs

By bne IntelliNews January 20, 2020

Serbia is losing €1.39mn per day from the import tariffs imposed by Kosovo, Trade, Tourism and Telecommunications Minister Rasim Ljajic said on January 20.

Kosovo imposed 100% tariffs on products from Serbia and Bosnia & Herzegovina in November 2018 in a politically motivated move. The EU and the US have called on the authorities in Pristina repeatedly to scrap the tariff to allow the normalisation dialogue between Pristina and Belgrade to continue.

Ljajic also said that companies from the food processing sector have suffered from the highest losses.

He added that Serbia’s exports of goods since the tariffs were imposed have decreased by €435mn.

A survey carried out in December by the Kosovo Democratic Institute (KDI) showed that the majority of Kosovo’s citizens believe that the next government should not suspend the tariffs.

Meanwhile, earlier in January EU High Representative Josep Borrell stressed the importance for Belgrade and Pristina of working towards a resumption of the normalisation dialogue, which has stalled after the tariffs were imposed.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss