US Agency Unblocks Funds After Kosovo Lifts Tariffs on Serbian Goods

Gazeta Express

06/06/2020 19:17

The US Government aid agency Millennium Challenge Corporation (MCC) has reactivated its US$50-million program to help boost growth after Kosovo Government on Saturday decided to rescind all trade barriers with Serbia.

On 15 March 2020 the MCC decided to pause implementation of the threshold programme and development of the proposed compact programme in Kosovo, after former Government led by Albin Kurti unveiled its plans to replace 100 percent tariff on Serbian goods with trade and political reciprocity.

The MCC issued a statement on Saturday saying that the United States welcomes the resolution of Kosovo’s tariff issue and the lifting of reciprocal measures on Serbian goods. “MCC is pleased to resume implementing the threshold program and developing the proposed compact program in Kosovo. MCC looks forward to a continued, strong partnership with the people of Kosovo and their government as we work together to reduce poverty through economic growth,” the statement said. /GazetaExpress/