BUSINESS BRIEFS

Government removes trade barriers

THE SLOVAK government approved a proposal on May 14, based on negotiations with EU experts, for wider liberalisation of mutual trade in processed agricultural products.

For less sensitive commodities, both sides agreed to completely lift customs and stop export subsidies.

For more sensitive products, such as butter, pastries, sweets, or ice-cream, the customs will also be cancelled but only for a certain quota.

Slovakia also negotiated that it would not have to lift customs for pastry and spirits imported from the EU completely, but only to reduce them.

These new measures will be in place until the expected accession of Slovakia to the EU in May 2004.

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