SARAJEVO, Bosnia (September 11,2007) - The Bosnian State Parliament recently approved the reimposition of a 40 percent hike in duties on dairy and meat products imported from neighboring Serbia and Croatia.
The September 6 vote flies in the face of parliament's decision on September 5 to back Bosnia's membership of the Central European Free Trade Agreement (CEFTA), a free-trade zone that now only operates in the Southeastern Europe.
Bosnia's Parliament was hesitant about ratifying the CEFTA after Bosnian farmers voiced concerns and in the midst of a severe drought,and Bosnia's Prime Minister, Nikola Spiric promised to outline within 60 days a set of measures designed to soften the impact of the increased competition.
Tuesday, September 11, 2007
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