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Weekly Review of Slovene Economy from 1 through 7 December

Ljubljana, 8 December - The Central European Free Trade Agreement (CEFTA) held a summit on 4 and 5 December in Bratislava, Slovakia. At the meeting, an agreement was adopted on adjusting Slovenia's concessions for trade with agricultural products with concessions in effect for other CEFTA countries. Before the summit, Slovakia announced it would press for exclusion of Slovenia from CEFTA due to its failure to comply fully with conditions and obligations regarding trade with agricultural products. However, the ministers later took a decision to remove products which are particularly sensitive for Slovene agricultural production and market from A and B lists of exceptions (list A includes products without customs protection, while list B includes products with very low level of state protection). For this products the above liberalization will be in effect from now on in the framework of quotas proposed by Slovenia. In the framework of fixed annual tariff quotas for exceptions from CEFTA A and B lists, new A1 and B1 exception lists will be worked out, stipulating that for A1 products tariff levels will be used freely, while for B1 products the latter will gradually decrease to reach by 1 January 1999 the tariffs level set for other CEFTA countries. Fixed tariff quotas will be set for the following two years. The protocol containing these concessions for Slovenia is expected to be singed this month, allowing the new them to take effect on 1 January 1997, when Slovenia takes over the presidency of CEFTA.

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