Bosnia-Herzegovina seeks EU membership in 2009

The political parties in Bosnia-Herzegovina unanimously support the country’s bid for full membership in the EU by 2009, according to Prime Minister Adnan Terzic.

Addressing a meeting in Brussels on 17 September hosted by the European Policy Centre, Mr Terzic said the EU was conducting a feasibility study prior to opening negotiations with Bosnia-Herzegovina for a Stability and Association Agreement. Regarding the general economic state of his country, Mr Terzic said that the situation was stable with inflation less than 0.5 per cent for several years. The budget deficit was under control and tax revenues were increasing. The country has introduced a single customs administration and a VAT regime. Recently, Bosnia-Herzegovina has received a favourable report from the IMF. Mr Terzic said the main concerns were the high trade deficit, the shortage of export goods, the high level of imports and high unemployment.


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