Deputy PM Angjusev: If export rises, GDP rises, too

Deputy PM Angjusev: If export rises, GDP rises, too
Export of goods contributes to Macedonia's GDP with 53 per cent. To ensure a higher economic growth by 4%, 5% or 6%, it is necessary export to contribute to the GDP somewhere between 60% and 70%.

This was stated Wednesday by Deputy PM for economic affairs Koco Angjusev at a forum "Internationalization of Economy to Higher Economic Growth", organized as part of the USAID-funded project Partnership for Better Business Regulation.

Macedonia, he said, is a small country having limited market and consumption and a limited room to increase the GDP on the domestic market. The GDP can rise only if there is an increased export of goods.

"There's no alternative but to increase export and also to enable better coverage of import by export. Being on the rise, a record-high coverage of 74.4% has been recorded," noted Angjusev.

According to him, the government in 2018 would increase its financial support by 46% to domestic companies that would register economic growth and maintain their workforce. Support for export-oriented companies will be doubled.

Edward Gonzalez, Director of the General Development Office in USAID Macedonia, said the trade sector required some much needed improvements that would offer support to emerging export-oriented companies in order Macedonia's economy to develop further.

The project on "Partnership for Better Business Regulation" was implemented in cooperation with the Economic Chamber of Macedonia, ICT Chamber of Commerce - MASIT, the Economic Chamber of North-West Macedonia, and the Association of Chambers of Commerce. More than 500 companies took part in 18 events and eight forums organized across Macedonia.

"At the events, we have identified over 80 problems suggesting that the existing legal regulation should be improved. Also, two business surveys were conducted, whose findings show that 74% of the companies interviewed for the survey said they weren't included in the process of enacting the regulation, whereas 62% said that current conditions offered to support businesses were not enough," said Ljubomir Dimovski, the project's manager.

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