The European Commission has adopted a package of proposals aimed at boosting trade between the EU and neighbouring countries in the pan-Mediterranean region, including Serbia.
The Commission states that the proposals will modernise the EU’s preferential trade agreements with 20 trading partners by making the “rules of origin of goods more flexible and business-friendly”, all in order to accelerate economic recovery, regional assistance and cooperation.
In addition to Serbia, the proposed amendments include EU bilateral trade agreements with Iceland, Liechtenstein, Norway, Switzerland, Faroe Islands, Turkey, Egypt, Israel, Jordan, Lebanon, Palestine, Georgia, Republic of Moldova, Ukraine, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro and Kosovo.
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“Rules of Origin” are necessary for any trade agreement, as they determine which goods may take precedence and be included in preferential treatment.
Lower or even zero customs duty applies to goods with the preferential origin, depending on the preferential tariff treatment.
This post is also available in: Italiano