Free Trade Agreement with Russia
A free trade agreement with Russia signed in August 2000 makes Serbia particularly attractive to foreign investors and manufacturers. The agreement stipulates that the importing country regulates the rules of origin, in accordance with WTO principles, meaning that goods produced and with prevailing value added in Serbia are considered of Serbian origin, therefore free of customs when entering the Russian market. The list of products not covered by the duty free agreement is updated annually, and it currently includes fresh and processed produce, poultry, sugar, chocolate, alcoholic beverages, soap, cotton, carpets, wooden furniture, household appliances, and motor vehicles.
The accord is the first such agreement Russia has signed with any country outside the Commonwealth of Independent States.
