Business stimulations :-: Free Trade Agreements

CEFTA - 30 million consumers
The Central European Free Trade Agreement (CEFTA) is a free trade agreement between the following countries in Central and South-Eastern Europe: Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Moldova, Montenegro, Serbia and the United Nations Interim Administration Mission in Kosovo.

RUSSIA – 142 million consumers
The Republic of Serbia has a signed free trade agreement with Russia. Most of the products that have a certified Serbian origin, meaning that more than 51% of the product value has to be generated in Serbia, could be exported custom free.

EU–Preferential Status
European Union’s Stabilization and Accession Process has allowed Serbia exceptional trade measures, enabling export of all products originating from Serbia without customs and other fees, with exception of wine and baby beef.

TURKEY
The agreement signed on June 1, 2009 has been implemented in compliance with an asymmetric trade liberalization model on September 1, 2010. It enables customs free export from Serbia to a 75 million Turkish market, while the reciprocity will be achieved in three phases until 2015. System of diagonal cumulation of origin has been set up between the EU, the Western Balkans and Turkey.

BELARUS– Access to 10 million consumers
The FTA has been signed on March 31, 2009 providing mutual removal of custom duties and other taxes with the exception of sugar, alcohol, cigarettes, used cars, buses and tyres that will continue to be subject to taxation.

USA
Within the Generalized System of Preferences (GSP) approved by the USA, the preferential duty-free entry for more than 4,650 products, including most manufactured and intermediate goods. Certain sensitive goods are not eligible for duty-free entry under GSP, which generally includes most textile products, leather goods and footwear. The list of eligible goods is reviewed and adjusted twice per year with input from U.S. industries.

EFTA–Market of 13 million consumers
The Free Trade Agreement between the EFTA States and Serbia was signed in Geneva on 17 December 2009, allowing access to the 13 million consumers. The main focus of the Agreement is the liberalization of trade in goods. EFTA abolishes all customs duties on Serbian industrial products, including fish and other marine products, as of the entry into force of the Agreement.

KAZAKHSTAN
The FTA has been signed on October 7, 2010 and it is temporary applied from the January 1, 2011. The aim of the agreement is to establish and improve economic and trade cooperation between countries through mutual removal of custom duties and other taxes with the exception of meat, cheese, sugar, cigarettes, sparkling wine, ethyl alcohol, tires, cotton weaves, cooling device compressors, vehicles.