Trade Regulations
Take advantage of unique regional access to a market of 1 billion people.
South East Europe is the region with the highest growth rate in Europe, and among the fastest growing regions, globally. The Central European Free Trade Agreement (CEFTA) integrates the countries of the South East Europe, thus creating a possibility for companies to place their goods customs free to a market of close to 30 million people.
The Free Trade Agreement with Russia was signed in August 2000 and the list of products, excluded from the Free Trade Agreement, is revised annually. In April 2009, duty-free regime was extended to the following goods: all drugs, confectionery products, apple juice, malt beer, fresh grape wines, all soaps, wool clothing, refrigerators, freezers and all refrigerating devices, washing and drying machines, wooden upholstered seats, wooden office furniture, sleeping bags, sheets, and similar goods. Outside the Commonwealth of Independent States, Serbia is the only country having a free trade agreement with Russia.
The Free Trade Agreement with Belarus envisages mutual abolishment of customs and non-customs duties in trade between the two countries. There are only a few exceptions to the Agreement, including sugar, alcohol, cigarettes, as well as used cars, buses, and tires.
The recently signed Free Trade Agreement with Turkey will take effect in May 2010, while the FTA with EFTA members (Norway, Switzerland, Iceland, and Liechtenstein) is expected to be active as of April 2010.
At the same time, preferential status in trade with EU and USA is an additional incentive for investors, as they can freely export to these markets.
