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Albania is 13th in the world and first in the region in the ranking for free trade

By   /   05/12/2016  /   Comments Off on Albania is 13th in the world and first in the region in the ranking for free trade

A report issued by “Heritage Foundation”, which has been recently published, ranks Albania 13th in the world out of 186 economies in the 2017 Free Trade Index. This report also ranks Albania first in the Balkan region as far as free trade is concerned.

This is a significant indicator for countries that apply small trade barriers and it has an impact on the expansion of trade exchanges and economic growth.

The main approach of this index is based on the main weight that custom official fees occupy and non-charging barriers.

According to the harmonized system of the nomenclature of goods for Albania:

-49% of this list applies a customs fee of 0%;

– 18% of this list applies a customs fee of 2%;

– 0.3% of this list applies a customs fee of 5%;

– 2.4% of this list applies a customs fee of 6%’

– 19,3% of this list applies a customs fee of 10%’

-12% of this list applies a customs fee of 15%;

Albania is working intensively to reduce non-charging barriers and to simplify customs procedures.

For the minister of Economy, Milva Ekonomi, Albania has scored an impressive result.

“As a member of CEFTA, we apply the protocol for the facilitation of trade with these countries, starting with: Transparency with the laws, rules and procedures of trade; Electronic exchange of documents that accompany goods; Automatic recognition of documents and lab tests; Unification of timetables in border crossings, etc”, Ekonomi says.

“These positive evaluations from international reports during this year strengthen our conviction that the reforms that have been taken are in the right direction”, she said.

This report is published every year by “Heritage Foundation” and this year, Albania has gained 20 positions in the ranking.

According to experts, this index is one of the most prestigious ones on an international level.

However, some are skeptic that Albania is ranking in the first position in the region, because in other Balkan countries, free trade is seen to have constant advantages.

Meanwhile, the Berlin Process which aims strengthening ties in the region, encourages measures to be taken in facilitating trade between the countries of the region, such as: Cooperation Agreements between border agencies for the facilitation of customs procedures; Approval of Risk Policies at the National Food Agency and the Approval of the Guideline for Local Clearance. /balkaneu.com/

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