Turkey ratifies Free Trade Agreement with Serbia

The Turkish parliament has ratified the new Free Trade Agreement between Serbia and Turkey, creating the conditions for a large number of products to be included in the duty-free trade between the two countries, Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications of Serbia Rasim Ljajic told Tanjug.

Thanks to the new free trade agreement, Serbia can annually export 5,000 tons of beef, 25,000 tons of raw sunflower oil, 10,000 tons of refined sunflower oil, 15,000 tons of sunflower seeds, 5,000 tons of soy, 1,000 tons of animal feed products and 500 tons of certain baked products to Turkey free of duty for the first time, Ljajic says.

– In addition to the quotas for the new products, the agreement also enables Serbia to double the quotas for the duty-free export of peas, beans, sweet corn and prunes – the minister adds.

Ljajic said that he hoped that the new free trade agreement would incite the export to Turkey and expand the volume of the trade of goods between the two countries, which exceeded the amount of EUR 1 billion for the first time in 2018.

The minister also points out that two-day negotiations about the finalization of the Free Trade Agreement with the Eurasian Economic Union, consisting of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, started today in Belgrade and that it should be signed during the visit of Russian President Vladimir Putin to the country on January 17.

– The majority of it was defined in the previous negotiation rounds and it only remains for the experts to agree on another six tariff lines – Ljajic said.

Ministarstvo turizma i omladine Republike Srbije

Free Trade Agreement between Serbia and Turkey

free trade between Serbia and Turkey

duty free trade between Serbia and Turkey

Free Trade Agreement with the Eurasian Economic Union

duty free trade

beef

sunflower oil

refined sunflower oil

soy

baked products

peas

beans

sweet corn

prunes

export of food to Turkey

export of food from Serbia

trade of goods between Serbia and Turkey

Rasim Ljajic