Minoski: Export has doubled since 2006, products are more sophisticated

Kicevo, 6th December 2016 (MIA) – Export doubled in the last ten years. It amounted to below EUR 2 billion in 2006, reaching over EUR 4 billion in 2015, with a tendency to exceed this amount this year, Minister of Finance, Kiril Minoski, pointed out at meeting with representatives from the Chamber of Commerce from Kicevo.

According to him, this speaks of the sound economic policy the Government implements, as well as the low tax policy which provides for higher investments in the private sector, contributing to intensified economic activity and boosted export. Attracting foreign investments has proven to be a productive process contributing to intensified export.

Minister of Finance underlined that what was important was that export structure had changed. - Machinery accounted for 4.9% of the total export ten years ago, while this ratio has significantly changed now, when machinery and transport equipment account for 27.7% of the Macedonian export, Minoski said.

He pointed out that exporting more sophisticated products requires qualified and better-paid personnel in the country, which will contribute to faster and real increase of salaries, ultimately leading to better living standard of the citizens.

Yesterday, State Statistical Office announced data on foreign trade the country realized in the first 10 months, showing that is surged by 5.7% in relation to 2015, while export grew by 5.8%.