Skopje, 28 May 2025 (MIA) - At the proposal of the Ministry of Finance, the Government adopted Wednesday amendments to the Law on Customs Tariff implementing a reduction in customs duties on approximately 70 goods, primarily raw materials and production inputs used by the domestic industry.

In a press release, the Finance Ministry said the amendments are a part of the Government’s 2024-2028 Work Program which envisions a gradual harmonization of customs duties with the rates applied in the EU, adapted to the import-export needs of businesses and the state.

“As part of the planned gradual harmonization, July 2025 will see a reduction of 50 percent of the difference between the customs duties levied on the imports of relevant goods in our country and the rates for the same goods in the EU, with the intention of further harmonization,” the Ministry said.

The Ministry said the amendments aim to increase the competitiveness of domestic companies exporting to foreign markets and boost Macedonian exports and foreign currency inflows. It said it also expects the amendments to lead to more investments and jobs.

The reduction, according to the Ministry, will directly aid sectors in the automotive industry, the metal processing industry, metallurgy and the energy sector.

The amendments will be forwarded to Parliament for adoption.

Photo: MIA Archive