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Customs duties to drop for about hundred industry products.

The customs duties for a number of products are going to drop from 8.9 to 6.5 percent on 1 January 2012. The cut is in keeping with the undertaken responsibilities of the protocol for Macedonia's accession to the World Trade Organization and is at the same time the last cut on this basis.

Customs duties will be cut for liquid soaps, a variety of cleaning products and detergents and products of plastic masses, such as pipes, foils and floor and plastic mass covers.

Next year customs duties will also drop for about a hundred products in support of industry. The law on modifying the customs tariff law is in a parliamentary procedure. It will cut or cancel altogether customs duties on a larger group of goods, primarily seed material for the agriculture and intermediate gods for the food industry. Customs duties on white sugar, for example, will fall from 30 to 5 percent.

As regards the liberalization with the countries with which the Republic of Macedonia concluded free trade agreements, the situation in 2012 remains identical to that in 2011.
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Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:Dec 29, 2011
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