12/21/2020
PRIME MINISTER ZAEV MET THE ASSOCIATION OF FOREIGN COMPANIES: WE CREATE FAVORABLE BUSINESS AMBIANCE AS PARTNERS FOCUSING ON INFRASTRUCTURE AND BETTER LEGISLATION FOR THE PRESENT AND FUTURE INVESTORS

The President of the Government of the Republic of North Macedonia, Zoran Zaev together with the economic team of the Government held an online meeting with the President of the Economic Chamber of Macedonia, Branko Azeski and the Association of Foreign Companies with Technologically Advanced Production under the Foreign Investors Council of the Chamber, led by Viktor Mizo.

The meeting involved a discussion on the priority issues of the foreign investors related to legislation, tariffs, infrastructure, tax policy, labor relations, digitalization, and other issues, in order to promote the business climate and the daily operation.

The Prime Minister Zaev pointed out that the Government finds it important to increase investors’ trust, commence new investments, stimulate exports, strengthen human capital and thereby, promote the overall economic growth in the country. To that end, measures are being taken to mitigate the effects of the pandemic in the medium-term, as well as to plan an economic growth in the medium- and long-term.

The President of the Economic Chamber Azeski, speaking about the cooperation with the Government, urged for mutual commitment to timely implementation of the anti-crisis measures to mitigate the effects of the pandemic and improve the liquidity of the real sector.

Viktor Mizo, President of the Association, despite the ongoing challenges, emphasized the importance of their systemic resolution such as the recent signing of the Free Trade Agreement with the United Kingdom, which will enter into force on 01/01/2021. This is of great importance to the companies that cooperate with the United Kingdom, that is, the domestic export-oriented companies that import certain intermediate goods from the United Kingdom.

Each speaking on behalf of his sector, the meeting included the Minister of Economy, Kreshnik Bekteshi, the Deputy Minister of Finance, Dimitar Kovachevski, the Director of Customs Administration, Gjoko Tanasoski, as well as the Director of the Directorate for Technological and Industrial Development Zones, Jovan Despotovski, and of the Agency for Foreign Investments and Promotion of Export, Dejan Pavleski.

In terms of improving working conditions, the Government recently decided to reduce import duties - customs rates on certain products and components needed to produce technologically advanced products.

With this decision it was accepted in a period of one year to reduce the level of customs rates applicable to the import of these products in the member states of the European Union. The aim is to increase the export competitiveness of the domestic industry that produces technologically advanced products.