Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications of Serbia, Rasim Ljajic and Minister of Trade of the Eurasian Economic Commission, Veronika Nikishina defined the final version of the free trade agreement between Serbia and the EEC on Tuesday, March 12, in Moscow.
Ljajic and Nikishina settled all the issues in the negotiations, which started in 2016, during the latest round of negotiations.
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Ljajic told Tanjug that “a modern free trade agreement was defined in Moscow, in line with the rules of the World Trade Organization and the principles of modern trade practice”.
“In addition to Russia, Belarus and Kazakhstan, with which we have already had bilateral agreements, the new, unified agreement will pertain to Armenia and Kyrgyzstan,” he specified.
“We didn’t get all that we wanted, but we more types of goods than ever before are now included in the agreement. Our producers will now be able to export unlimited amounts of all kinds of fruit brandies, as well as all kinds of sheep and goat’s milk cheeses. Furthermore, we also got a quota of 2,000 tonnes for the export of cigarettes, as well as 87,500 litres of brandy and 400 tonnes of semi-hard and hard cow cheese. Other types of cow’s milk cheese are already subject to duty-free trade”, Ljajic explained.
He also said that, in addition to the already mentioned elements, the new agreement also features other elements, which would considerably reduce the operating costs of export and import, allowing Serbian producers to be competitive in the EEC market that consists of over 180 million consumers.
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