Free Access to a Market of 1.3 bn Consumers

Serbia is the only country outside of the Commonwealth of Independent States that has a Free Trade Agreement with Russia.

 

Externally, Serbia can serve as a manufacturing hub for duty-free exports to a market of more than 1.3 billion people that includes the European Union, the Eurasian Economic Union, USA, Japan, Australia, South East Europe, the European Free Trade Agreement members, and Turkey.

This customs-free regime covers most key industrial products, with only a few exceptions and annual quotas for a limited number of goods.

 

Source: Statistical Office of the Republic of Serbia, 2020; World Bank, 2018