Free Trade Agreements

In terms of imports and exports, Serbia represents the basis of duty free market of about one billion people including:

  • European Union
  • USA
  • Russia
  • Turkey
  • South Eastern Europe
  • Countries of the European Free Trade Agreement (CEFTA)
  • Kazakhstan
  • Belarus

The duty-free regime covers most of the key industrial products with few exceptions and annual fees.

tabela1

Free Trade Agreement with the Russian Federation makes Serbia particularly attractive for foreign investors and manufacturers since Serbia is the only country outside the Commonwealth of Independent States which enjoys the benefits of duty-free trade with Russia. Goods produced in Serbia or that whose dominant value is added in Serbia (at least 50% more than the initial price) are considered to be of Serbian origin and are subject to 1% import tax once entering the Russian market. The list of eligible goods exclude passenger cars yet automobile parts, trucks, buses and agricultural tractors are all subject to 1% import tax.

Free trade agreement between Serbia and Belarus stands for mutual elimination of custom duties and other taxes on variety of products. Goods produced in Serbia or that whose dominant value is added in Serbia (at least 50% more than the initial price) are considered to be of Serbian origin and, if distributed directly, are subject to 1% import tax when entering the Belarusian market. The free trade agreement does not include the following products: passenger cars, tractors, buses and tires, and automobile parts.

Free trade agreement between Serbia and Kazakhstan came into force when Kazakhstan entered the Customs Union with Russia and Belarus. Thus the free trade agreement which Serbia signed with Russia and Belarus expanded to Kazakhstan.

Interim Agreement between Serbia and the European Union allows free export of all products originating from Serbia meaning those that are fully manufactured in Serbia or which use materials that originate from the EU countries, Turkey, or countries that are in the process of joining the EU, provided that these products have undergone appropriate treatment in Serbia. In addition, according to the General Permit for inward processing, the imported goods to Serbia which originate from the EU are not a subject to any tariffs or VAT.

Free trade agreement between Serbia and the EFTA countries (Norway, Liechtenstein, Iceland and Switzerland) allows Serbian exporters to export goods in these countries free of custom duties or other taxes. Merchandise that is fully manufactured in Serbia or which uses materials that originate from the EFTA countries, EU countries, Turkey, the Faroe Islands or countries of the Euro-Mediterranean Partnership (Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia and Palestine ) is considered to be of Serbian origin, if it has undergone at least a minimal additional work or processing in Serbia.

CEFTA (Central European Free Trade Area) agreement includes the following countries: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova, Montenegro, Serbia and the Temporary Administrative Mission of the United Nations in Kosovo. The agreement stands for ‘combining the place of origin’ of goods in a sense that the products exported from Serbia have the Serbian origin even if their components and materials they are made of are coming from any of the CEFTA countries, provided that these goods have passed through at least minimal additional work or processing in Serbia, or that the amount of material added in other countries is less than the amount of material added in Serbia.

Serbia and Turkey signed a bilateral economic free trade agreement based on a model of trade liberalization which allows Serbian exporters to sell their products duty-free to the large Turkish market. Goods that are fully manufactured in Serbia, or that are using materials originating from EU countries or countries that are in the process of joining the EU, are considered to be of Serbian origin, if they have gone through a minimal additional work or processing in Serbia. These goods must be distributed directly.

mapa-sporazuma

Wordpress Themes - Wordpress Video Themes - Wordpress Travel Themes - WordPress Restaurant Themes