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Turkey doubles its export with Kosovo

2023-06-17 14:12:00, Kosova & Bota CNA
Turkey doubles its export with Kosovo
Illustrative photo

Turkey has doubled the export of goods with Kosovo.

This is known from the data of the Statistics Agency of Kosovo.

According to the data, during 2022 and in the first 4 months of this year, Turkey has been the main trading partner of Kosovo.

This doubling of export comes as a result of the Kosovo-Turkey trade agreement for the removal of customs duties for a large number of products, mainly industrial.

In the last ten years, Kosovo has imported goods from Turkey worth about 4.5 billion euros, while Kosovo, for the same period of time, has exported about 120 million euros of goods to the Turkish state.

The Chamber of Commerce and Industry in Kosovo (DHTIK) and the Chamber of Commerce of Kosovo declare that whenever imports increase, the local producer is not favored. For this reason, they say priority should be given to increasing production in Kosovo.

"The problem is that when the import from any country increases, then this does not help the local product. In general, the largest import, if the demand in the market has not changed, then the import has won in relation to the domestic product. As a state, we must come up with better policies for subsidizing local products, but also for subsidizing exports, because we have a number of products that are exported abroad, but the only favorable policy we do is tax discounts, VAT for export, which is not enough at all... Like other countries, the state should also provide subsidies for businesses that export, especially those that increase local production and employment", says Zana Beqiri, director of DHTIK.

Meanwhile, we recall that the Kosovo-Turkey trade agreement for the removal of customs tariffs was signed in 2013 by the former Minister of Trade and Industry of Kosovo, Mimoza Kusari-Lila, and the former Turkish Minister of Economy, Zafer Gjaglajan. This agreement was approved by Turkey in 2015, but entered into force in 2019./ CNA.al





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