EU CARS DUTY-FREE IN BOSNIA FROM JANUARY 1, 2009

SARAJEVO, Bosnia (June 9,2008) - The cars manufactured in the European Union will be selling at considerably lower prices in Bosnia in a couple of months, and that will be one of the most evident signs of the country getting closer to the EU membership.

The Stabilisation and Association Agreement (SAA) between Bosnia and the EU will gradually cancel import tariffs on all products from the EU, which, market analysts believe, could cause a surge in the Bosnian automobile market. Its growth so far has been constant, but slow.

At the same time, the state will be left without millions of Bosnian Marks from tariff revenue. As soon as the SAA becomes effective, the current tariff of 16 per cent for cars will be cut in half, and from January 1, 2009, all tariffs in trade with the EU will be cancelled entirely.
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