Following the opening of the chapter 30, Serbia practically undertook to terminate all free agreements with four countries, including Russia.
This might not be the only novelty for the Serbian government regarding the opening of the said chapter. Serbia will also have to allow GMO to be used in the country.
As Serbia is nearing towards EU membership, the requirements that the country needs to meet are becoming more complex. Serbia has concluded four free trade agreements – with Kazakhstan, Turkey, Belarus and the Russian Federation. Terminating all four would not only have economic consequences, but also political ones, especially the agreement with Russia.
Economy expert, Ljubomir Madzar thinks that this is a very serious requirement for Serbia, particularly considering that Serbia imports natural gas from Russia.
“Russia remains our important supply channel. As far as the other countries go, we are not going to feel huge consequences from terminating free trade agreements. The EU has its standard policy and all EU countries need to abide by them”, Madzar adds.
The Serbian Trade Minister, Rasim Ljajic confirms that the free trade agreements would remain in force until Serbia joins the EU. “Once we join the EU, these agreements will be terminated, and those that the EU had concluded would be valid. For instance, the EU has a free trade agreement with South Korea, and is working on concluding one with the US. The benefits that we are going to enjoy from joining the EU far outweigh those that stem from having free trade agreements with the said four countries”, Ljajic adds.
Maybe the bigger problem lies with fact that Serbia would have to allow GMO to enter its market, once it joins the EU. Also, this is one of the main prerequisites for Serbia joining the World Trade Organization (WTO). The source of the Blic daily says: “We will have to adjust our legislation and delete the stipulations that say that GMO are banned in our country. The EU insists on deleting the term “banned” from our laws”.
This post is also available in: Italiano