New agreement between Serbia and the Eurasian Union to benefit Serbian business community

During the debate in the Serbian Parliament on the ratification of the Agreement between Serbia and the Eurasian Economic Union (EAEU), it was estimated that the agreement will benefit Serbian business community and attract new foreign investors while the list of products that can be exported to the EAEU, mainly duty-free and with higher quotas, will be extended.

MP Predrag Jelenkovic underlined that the agreement applied to Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan and added:

“As (Finance Minister) Sinisa Mali said, the EAEU covers a market of 180 million people and the agreement covers 99% of Serbian goods that will be cleared through customs, which will create favourable conditions for the further successful cooperation in other areas,” said Jelenkovic.

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He added that, according to the Ministry of Trade, currently 743 Serbian companies are exporting over 1,200 products to the Russian market, and the agreement will protect precisely those companies that are now allowed to export to other markets in the Eurasian Economic Union.

Aleksandra Tomic, chairwoman of the Financial Committee, underlined that Serbia has nevertheless maintained the implementation of customs duties with the Eurasian Economic Union for many very important products, such as sugar, ethyl alcohol, cars, tyres and new tractors.

On the other hand, Russia will be allowed to continue to export all agricultural products into Serbia duty-free, with the increased health inspection at border crossings.

(Vecernje Novosti, 20.02.2020)


This post is also available in: Italiano

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