Q:
A:
First session of Subcommittee for implementation of transitional agreement with EU held
Belgrade,
26 November 2010
The Ministry of Finance stated that the first session of the Subcommittee for the implementation of the Transitional agreement with the EU on economic, financial issues and statistics was held today in Belgrade.
State Secretary of the Ministry Slobodan Ilic, who is also co-chairman of the Subcommittee, said that the Serbian government will soon propose a law on amendments to the Law on foreign exchange operations, with which the harmonisation with EU directives will be continued.
He outlined that this law will allow for further liberalisation of capital movement which will make Serbia more attractive for foreign investment and the legal framework in this area more acceptable to investors.
Ilic presented the results which Serbia has made in implementing the Transitional agreement, in the part related to the free movement of capital, current payments and the establishment of territorial units for statistics.
The State Secretary stressed that with concrete actions in these areas, Serbia has shown a strong commitment to improving its economic system on the path towards European integration.
Second co-chairmen of the Subcommittee and a European Commission representative Lars Erik Forsberg commended the efforts made so far and encouraged Serbian representatives to continue harmonising Serbia’s regulations with those of the EU in the sectors covered by the Subcommittee.
The Subcommittee for the implementation of the Transitional agreement with the EU on economic, financial issues and statistics is one of the five subcommittees established by the Board for monitoring the Transitional trade agreement and the Stabilisation and Association Agreement.
The fact that the first session took place immediately after the EU candidacy Questionnaire was handed over to Serbia shows the readiness of both Serbia and the EU to continue implementing these two agreements.
The Subcommittee is tasked with harmonising the legislature with EU regulations in the part defined by the articles of the Transitional agreement, pertaining to the free movement of capital, current payments and the introduction of NUTS 2 standard, regulating statistical territorial units.
Representatives from embassies of EU member countries – Greece, Italy, Bulgaria, Slovenia and Denmark – also attended the session.
He outlined that this law will allow for further liberalisation of capital movement which will make Serbia more attractive for foreign investment and the legal framework in this area more acceptable to investors.
Ilic presented the results which Serbia has made in implementing the Transitional agreement, in the part related to the free movement of capital, current payments and the establishment of territorial units for statistics.
The State Secretary stressed that with concrete actions in these areas, Serbia has shown a strong commitment to improving its economic system on the path towards European integration.
Second co-chairmen of the Subcommittee and a European Commission representative Lars Erik Forsberg commended the efforts made so far and encouraged Serbian representatives to continue harmonising Serbia’s regulations with those of the EU in the sectors covered by the Subcommittee.
The Subcommittee for the implementation of the Transitional agreement with the EU on economic, financial issues and statistics is one of the five subcommittees established by the Board for monitoring the Transitional trade agreement and the Stabilisation and Association Agreement.
The fact that the first session took place immediately after the EU candidacy Questionnaire was handed over to Serbia shows the readiness of both Serbia and the EU to continue implementing these two agreements.
The Subcommittee is tasked with harmonising the legislature with EU regulations in the part defined by the articles of the Transitional agreement, pertaining to the free movement of capital, current payments and the introduction of NUTS 2 standard, regulating statistical territorial units.
Representatives from embassies of EU member countries – Greece, Italy, Bulgaria, Slovenia and Denmark – also attended the session.
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