| The Albanian government decided on July 13 to remove the 10% customs duty on the imports of clothes, footwear and materials for the textile industry from the EU countries as of January 1, 2012, the PMs press office reported. This measure aims to lower the costs of products on the domestic market as well as to create conditions for expansion of local textile manufacturers, which are among Albanias major exporters. The removal of customs tariffs will reduce the annual budget revenue by some ALL 1bn (EUR 7mn). The government also decided to remove the tax on car imports and sales and replaced it with a tax on fuel consumption. |
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