Liberalized Trade
Logistics and FTA’s are only some of the reasons to locate your business.
As a logistics base, Serbia is a perfect place for a company to locate its operations if wanting to closely and most efficiently serve its EU, SEE or Middle Eastern customers. It borders the EU, at the Hungarian state line, offering a possibility of production outside the European Union. At the same time, businesses can enjoy all the benefits of working outside the EU, while being able to provide services and transport goods in projected and flexible time frames.
One of the major macroeconomic achievements in the last year was a sharp increase in exports reaching $6.264 billion. Exceptional exports performance was due to the combination of massive, new investments in a number of sectors, ratified free trade agreements with the countries in the region, upsurge in world prices of basic metals, and duty–free access to the EU market for food and textile readily made products.
Serbia and Montenegro became independent states in May 2006 and Serbian foreign trade and customs regulations are fully applicable on trade between two states.
Regional 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. Furthermore, Serbia is the only country outside the CIS that has a free trade agreement with Russia, providing access to another market of 150 million people. 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.
