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FIC Activities

Meeting with IFC Representative

26. April 2012

FIC administration met with the Project Manager of IFC Regional Trade Logistics Project Violane Konar – Leacy in order to consider possible cooperation.

IFC initiated the meeting that was held on Thursday, April 26th at the FIC premises in order to present the project implemented by the International Finance Cooperation (IFC) with support of the European Commission. It is aimed at reducing regulatory and administrative constraints related to trade logistics and harmonizing cross-border clearance systems in the Western Balkan (Albania, Bosnia and Herzegovina, Croatia, the Former Yugoslav Republic of Macedonia, Montenegro, Serbia, and Kosovo). The Project will be implemented during the 2012-2014 period through the establishment of national working groups on trade logistics that will include all key stakeholders, with support of the Government and private sector.

The overall objective of the Project is to stimulate the economic development by developing a comprehensive regional approach to trade logistics which will encourage the movement of goods across the region. The project will work to reduce regulatory and administrative constraints to inter and intra regional trade through greater harmonization of procedures. It will also aim to strengthen co-operation between institutions to enable them to further align with EU practices and to the CEFTA regional trade agenda. By supporting an efficient trade regime in the region, the project will also provide opportunities for leaner supply chains that minimize trade transaction costs and increase the competitiveness of the region's businesses in global markets.

FIC administration expressed initial interest in cooperation within this project considering that its goals are in line with FIC mission and activities. Members of FIC Food & Agriculture and Taxation Committee are being identified as potential groups to be introduced with the project.