By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: The Economy is looking for “simplified customs Procedures” in BiH
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > The Economy is looking for “simplified customs Procedures” in BiH
BUSINESS

The Economy is looking for “simplified customs Procedures” in BiH

Published: July 19, 2022
Share
SHARE

The start of the application of the Law on Customs Policy in Bosnia and Herzegovina (BiH) is announced for August 1st. This was decided by the Management Board of the Indirect Taxation Authority of BiH (ITA BiH). However, that decision caused an outcry from the business community, especially exporters. This is mainly because it comes at a time when, due to global economic disturbances in the world, domestic exporters are trying to take advantage of the proximity to the European Union (EU) market, and this law, they claim, makes it difficult for them.

Associations of businessmen of all levels reacted in the same way, demanding changes to the Decision on the Implementation of the Law on Customs Policy. Among the numerous initiatives sent to authorities in state and entity institutions there is the initiative of the Board of Directors of the Zenica-Doboj Canton (ZDC) Chamber of Commerce, a canton whose exports account for 19% of the Federation’s exports and 13% of the total exports of BiH.

”It may happen that we will have terrible problems in the organization of loading, in providing transport, subsequent collection of invoices, in the organization of the compliance of our work and the connection with the customs authorities. Worst of all, we will have limited hours. Now we have no problem, when the trucks arrive at 7 a.m., we ship 5-6 trucks by 8 or 9 a.m.,” says Mirza Omanovic, executive director for finance and economic affairs.

The Board of Directors of the ZDC Chamber of Commerce warns of possible consequences. The president of the ZDC Chamber of Commerce, Diana Babic, states that export procedures will become more difficult and complex, as well as the costs of export customs clearance – the deadlines for the delivery of goods will be called into question, and thus the business and export activities of companies from all over BiH.

That is why it is their initiative to retain “simplified customs procedures” in the new regulations. Exporters from the Tuzla Canton (TC) do not even want to imagine a work scenario that includes shorter working hours for customs authorities.

”About 25% of our sales take place after 6 p.m., when, according to the new legislation, export would be impossible. This means that the trucks would have to wait until 8 a.m. – this is not only a waste of time but also costs a lot of money,” warns Sead Pasic, executive director for the supply chain of ‘Sisecam Soda Lukavac’.

Among the reasons for the Decision on the Implementation of the Law on Customs Policy in BiH created in this way, the obligation to harmonize domestic and EU regulations in the area of customs is mentioned.

”Yes, we need to harmonize with the EU legislation, but we don’t have to do everything immediately, but we can do certain things gradually. There are also examples that Croatia, as a member of the EU, just kept this simplified customs procedure for invoices 7 years after joining the EU,” claims Ognjenka Lalovic, director of the Economy Sector at the Foreign Trade Chamber of BiH.

Without A Single Meter Of Expressway Or Motorway: When Will TC Get Safe Roads?
Exports of Furniture and finished Wood Products from the FBiH are recording an Increase
Poverty in the Shadow of the ”Cold War” in BiH
Production of Device “ClimaRad” in BiH Begins in Summer
A Bosnian Company Produced Computers Stronger Than IBM
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Warning Strike of the Trade Union of the Privatization Agency in FBiH
Next Article How Jasenovac became a Topic in three Countries
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

The unique Rules of the SOS Telephone for Victims of Violence in the Federation
July 27, 2026
33 Years since the Murder of the Bugojno Croats marked
July 27, 2026
Diego Luna to Receive the Honorary Heart of Sarajevo at the 32nd SFF
July 27, 2026
BiH Minister discusses Economic Cooperation and Investments with Egyptian Officials
July 27, 2026
Mayor Avdic withdraws Draft Decision on the Regulatory Plan Quadrant C-Marijin Dvor
July 27, 2026
Rescuers from GSS Zenica Carry Out Operation to Return Surviving Mountaineers
July 27, 2026
Number of Google Searches to Visit BiH jumped by 5, 800 Percent: Growing Tourist Interest Following the World Cup
July 27, 2026
Orlic: Search on Elbrus suspended due to Stormy Winds
July 27, 2026
Becirovic sent his Condolences on the over the Tragedy on Elbrus Mountain
July 27, 2026
Bosnia’s Ruling Coalition Nears End of Mandate with Few Promises Delivered
July 27, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?