Tuesday, February 12, 2008

CEFTA BRINGS BOSNIA TRADE EXCHANGE DEFICIT OF 216 MILLION BOSNIAN MARKS

SARAJEVO, Bosnia (February 12,2008) - After the first month of implementation of the Central European Free Trade Agreement (CEFTA), the Bosnian economy ended up with a trade exchange deficit worth 216 million Bosnian Marks (BAM).

CEFTA came into force on November 22, 2007. Official statistics show that the negative trend in Bosnia’s exchange with the leading trade partners – Croatia and Serbia – continued, and even got worse in December last year.

In case of Croatia, the deficit was BAM 151.58 million and in the case of Serbia BAM 73.43 million. Trade surpluses were reported in exchange with Montenegro (BAM 8.14 million), Albania, Moldavia and Kosovo.

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