AmCham Macedonia Winter 2014 (Issue 40) - Page 9

ANALYSIS Efforts to Reduce SE Europe’s Regulatory and Administrative Bottlenecks in Trade Author: Violane Konar-Leacy, Project Manager, IFC Belgrade The International Finance Corporation’s (IFC’s) Western Balkans Trade Logistics Project has been working in the region since 2012. The project’s goal is the reduction of regulatory and administrative bottlenecks to regional cross-border trade by streamlining export and import procedures, harmonizing inter-agency cooperation within and between countries, and championing risk-based controls, wider use of electronic systems for data exchange and trade-logistics related payments. The project aims to improve the competitiveness of the private sector by improving access to regional and global markets. The activities implemented by the project are expected to generate $10 million in private sector savings. Case in Point: Lengthy Consignment Sampling Procedures Getting goods across Southeast Europe can be a lengthy endeavor. Regional cross-border trade is hampered by burdensome import procedures, infrastructural issues, and the high frequency of physical examinations conducted by food, veterinary, and phytosanitary agencies. Macedonia is no exception, a challenge hig