Most people are aware of Serbia's free trade agreement but what is less known is Serbia's free trade agreement with Turkey. Free trade agreements also exist between Kazakhstan, Belarus, CEFTA, EFTA, European Union and the USA.
Serbia recorded a USD 116.4 million trade surplus with the countries of the Central European Free Trade Agreement (CEFTA) over the first two months of 2012, resulting mostly from export of agricultural products, according to data from the Statistical Office of the Republic of Serbia.
On the occasion of coming into force of the Agreement, Serbian Ministry of Economy pointed out that, in addition to simplification of the export of goods, it would introduce Turkey as potential significant source of raw materials for Serbian economy in certain domains, one of which is textile industry.
Italian companies with investments in Serbia such as Fiat SpA (F.MI) will benefit from a free trade agreement signed by Russia and Serbia, Italian Prime Minister Silvio Berlusconi said Friday.
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Turkish Minister for Foreign Trade Zafer Caglayan today signed a free trade agreement between the two countries, which will be implemented from January 1, 2010.
The Serbian Economy Ministry announced earlier this week that the country would ratify the Central European Free Trade Agreement (CEFTA) in September, ending its status as the only country in the region not to have done so.
Turkey's Undersecretariat of Foreign Trade will begin Free Trade Agreement (FTA) talks with four countries in the first half of this year in order to find new markets for Turkish businessmen and to extend current ones.