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Ministry of economic development of the Russian Federation

Free trade zone agreement between EAEU and Serbia expected to be signed by year-end

03.06.2019

The free trade zone agreement between the Eurasian Economic Union (EAEU) and Serbia can be signed by the end of this year, said Vyacheslav Volodin, the Speaker of the State Duma, the lower house of the Russian parliament.

"The free trade zone agreement between the EAEU and Serbia, with its signing expected to take place by the year-end, will open the market for Serbian goods in countries where about 180 mln people are living," Volodin said.

The Russian-Serbian trade turnover grew by 3% and totaled $571 mln in January - March 2019, Volodin noted. Over 800 companies with the Russian capital are currently working on the territory of Serbia and "Russia currently ranks third among the foreign trade partners of Serbia (with the specific weight of 8.9%) by trade turnover," the speaker said. Russia is fifth by volume of Serbian import with the specific ratio of 5.1%. These are largely supplies of vegetables, fruits, dairy products, textile and pharmaceuticals, Volodin added.

Source: TASS 



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