se times
10/03/2011
Experts call on Kosovo to focus on export growth.
By Muhamet Brajshori for Southeast European Times in Pristina – 10/03/11
Experts call on Kosovo to focus on export growth.
By Muhamet Brajshori for Southeast European Times in Pristina – 10/03/11
A growing trade deficit continues to adversely affect Kosovo's frail economy, yet experts say the best remedy -- export growth -- is not yet on the horizon. Achieving it, they say, requires a long-term commitment.
"In other countries in transition, exports were dependent on, and coupled with, investments. Foreign investors are primarily attracted to those areas that involve exports. Therefore, Kosovo should liberalise and increase transparency and legality in potential sectors such as mining, telecommunications and tourism," Kosovo's American Chamber of Commerce head Leke Musa said.
He argues the deficit is a result of Kosovo's inability to compete in this sector, as well as mistakes made. He is skeptical government subsidies can produce results.
"In other countries in transition, exports were dependent on, and coupled with, investments. Foreign investors are primarily attracted to those areas that involve exports. Therefore, Kosovo should liberalise and increase transparency and legality in potential sectors such as mining, telecommunications and tourism," Kosovo's American Chamber of Commerce head Leke Musa said.
He argues the deficit is a result of Kosovo's inability to compete in this sector, as well as mistakes made. He is skeptical government subsidies can produce results.
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