What does the Free Trade Agreement between Serbia and the Eurasian Economic Union bring?

The Free Trade Agreement between Serbia and the Eurasian Economic Union (hereinafter EAEU) entered into force on 10 July. For answers to the questions of what this agreement brings to agricultural producers and processors of agricultural products and how much it covers the market, we contacted the Chamber of Commerce of Serbia.

Foto:Pixabay

Export of unlimited quantities of goat and sheep cheese, but also fruit brandies

According to our interlocutor Jelena Ivanković, senior advisor of the Center for Asia, the Russian Federation and the Commonwealth of Independent States of the Serbian Chamber of Commerce, the agreement with the EAEU contains integrated existing agreements on free trade that the Republic of Serbia has with the Russian Federation, Belarus and Kazakhstan, with a modernized text based on the principles market economy and WTO rules, and slightly amended lists of exemptions from the free trade regime, with expansion of the free trade zone to Kyrgyzstan and Armenia.

“It was agreed that 2,000 tons of cigarettes, approximately 90,000 liters of brandy, will be able to be exported to the EAEU countries,” 400 tons of semi-hard and hard cow’s cheese, unlimited quantities of goat and sheep cheese and unlimited quantities of fruit brandies. On the other hand, it will provide new benefits for some cheeses, alcoholic beverages, cigarettes and faucets, valves and similar devices for pipelines, for goods originating in the EAEU during imports to Serbia“, Said our interlocutor from the Serbian Chamber of Commerce.

He adds that the Agreement with the EAEU contains innovated provisions in the part related to preferential rules of origin, the most important of which is the abolition of direct purchase conditions and improved provisions regarding the cooperation of competent authorities.

The EAEU market comprises 184 million people

She points out that it is an Agreement most important for agriculture and the food industry, but will benefit all exporters as well importers of raw materials. Potentially interesting products for export to the EAEU market are: canned fruits and vegetables, jams, juices, compotes, edible fruit seedlings and coil of roses, ceramic tiles, furniture, pet food, cooperation in the field of construction and ICT is also attractive.

“The agreement includes Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia and Serbia. The EAEU market covers 184 million people“, Pointed out Jelena Ivanković.


Source: Agromedia by www.agromedia.rs.

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