New customs regime makes food products cheaperPublish date: 03-01-2007
The most visible effect of the accession in the economy is the change in the customs regime. More and cheaper food products will come to Romania from the EU and domestic producers will have no choice than to also cut prices to cope with the competition.
Specialists forecast more imports of meat which will decrease its price by up to 20 per cent. Major dairy products such as pasteurised milk or cheese might also become cheaper by 20 to 30 per cent this year.
The bakery industry representatives are also saying that the price of the relevant products should decrease to a significant extent because of the removal of import duties on products from the EU and also as a result of larger quantities to be imported.
According to Mediafax, the highest duty that has been levied on such imports was for pasta – 40 per cent, and an average duty of 15 per cent for the other products. Customs duties on imports from the EU member states were abolished on January 1, 2007. Imports and exports among the EU member states are now called intra-community trade.
New values as from January 1
Our country’s recent EU accession enforces promises made before the end of the year.
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