Croatian company lost in first seven months of this year on the markets of CEFTA 570 million kuna of revenue , the highest in Montenegro and Serbia .
Data of Central Bureau of Statistics on Croatian international trade show that export to CEFTA members respectively Serbia, Montenegro , Bosnia, Macedonia, Albania and Moldova , was worth 7.827 billion kuna. In the same period last year, export value was 8.397 billion kuna. The highest decrease was recorded in Montenegrin market , where exports declined from last year’s 760 million kuna to this year 429 million.
This year Croatian companies exported in Serbia 1.46 billion kuna of goods , which is 230 million less than in first seven months of last year. Exports in BiH , the largest Croatian market within CEFTA, was reduced for only 65 million kuna and in first seven months of year reached almost five billion kuna.
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Loss on CEFTA market in just seven months worth, for example, as two-year export of Podravka on market in Western Europe and eight overseas countries such as USA, Canada and Argentina. However, it would be even higher if companies did not exported and stored greater quantity of goods on the market of CEFTA countries then it is usually in May and June, in order to forestall a new regime that has been in force since July 1st. That day Croatia joined the European Union, losing preferential quotas for export to CEFTA, since ceased to be a member of it.
If these negotiations continue longer than Croatian side would like, it is likely that the results of exports to CEFTA countries will be even worse by the end of year, as the unintended consequences of leaving the organization can no longer annul by stocks.
How these negotiations are important to Croatia, saying the fact that BiH is the second most important export market for domestic companies , where in seven-month value of export is almost equal to that in Italy, a country that has been a sacrosanct ranked as the top Croatian foreign trade partners .
– EU actually protects new member during first two years, so that it provides compensation to try to cover difference if state came into situation to become net contributor. However, these adjustments are not infinitely large – says Ivana Maletic , HDZ representative in the European Parliament who, as expert of the Ministry of Finance , participated in accession negotiations with the EU .
Agreed amount of compensation for Croatia is 75 million euros in 2013th, and 28.6 million euro in 2014th.
