Commerce drops between Kosovo and FYROM

Commerce drops between Kosovo and FYROM

IBNA Special Report

Pristina, September 11, 2014/Independent Balkan News Agency

By Elton Tota

The numerous barriers that businesses encounter and the failure to comply with the CEFTA Agreement have led to a drop in commerce between Kosovo and FYR Macedonia in 2014.

According to official statistics, export has seen a drop of 151.7 million Euros compared to last year.

Representatives of the chamber of commerce of Kosovo and FYROM, say that efforts will be made in order to remove barriers and problems that businesses from both countries face. Also, these two chambers will also make efforts for the implementation of the CEFTA agreement.

Head of Kosovo’s Chamber of Commerce, Safet Gerxhaliu says that pressure will be put on the state authorities to lift barriers and build the necessary infrastructure in order to increase economic cooperation between the two countries.

Gerxhaliu also says that as of today, both chambers of commerce will open new offices in the respective countries.

“The two chambers must do everything in order for procedures in the border to be simplified and lift barriers. Macedonia must also do more in order to speed up investments in infrastructures, as this would speed up communication between the two countries”, said Gerxhaliu.

The head of the Chamber of Commerce in FYROM, Jelisaveta Georgieva said that the two chambers have signed an agreement which aims at raising the alarm for this fall in commerce.

She said that there’s been a big drop in the sector of agricultural products, where compared to 2013, this sector has seen a drop of 8%, fuel commerce has fallen by 15.1%, commerce of iron and steel has dropped by 6.5% and cement has dropped by 5.2%.

Meanwhile, she said that great efforts will also be made to implement the CEFTA agreement.

Among others, the heads of these chambers say that there’s no reason to be complacent. They say that more engagement is needed, as these two countries have more potential to expand economic cooperation and to be key actors in other countries too. /ibna/