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Sarajevo Times > Blog > BUSINESS > BiH CoM bans the Export of certain Forest Wood Assortments
BUSINESS

BiH CoM bans the Export of certain Forest Wood Assortments

Published: September 20, 2022
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The Council of Ministers of Bosnia and Herzegovina, at an extraordinary telephone session, passed a Decision on the temporary ban on the export of certain forest wood assortments and wood products until October 31.

The decision was made in accordance with the initiatives of the Government of the Republika Srpska and the Government of the Federation of Bosnia and Herzegovina, and after it was established that the previously adopted decision did not fulfill the goals of its adoption, which are primarily reflected in the enormous increase in the prices of certain wood assortments and wood products.

By banning the export of certain forest wood assortments and wood products classified in 13 tariff codes, including wood briquettes, the aim is to ensure the necessary quantities for the processing industry, eliminate threats of serious or irreparable damage to forests in BiH and prevent critical shortages of firewood for the population and economy, and public institutions in the field of education, health and social protection, caused by the crisis in the world energy market.

After the expiration of the term of application of this decision, the BiH Council of Ministers will extend the protective measures provided for in this decision, on the proposal and based on the report of the Ministry of Foreign Trade and Economic Relations, until the goals of introducing a temporary export ban are met.

The decision enters into force on the day of its adoption and will be published in the Official Gazette of BiH and the official gazette of the entities.

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TAGGED:#BiH#CouncilofMinisters#export#wood
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