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The Government of the Republic of Serbia

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Serbia to preside over CEFTA in 2024

Belgrade/Podgorica, 7 December 2023

Minister of Domestic and Foreign Trade Tomislav Momirovic said in Podgorica today that Serbia will preside over the Central European Free Trade Agreement (CEFTA) in 2024.

After the "CEFTA WEEK 2023" conference, Momirovic said that Serbia will have the opportunity to continue fulfilling one of the most important goals, which is regional connection and intensification of trade cooperation for the benefit of the economy and improving the quality of life of citizens.

The Minister pointed out that the importance of the CEFTA market for the Serbian economy is enormous and added that CEFTA is the second trading partner of Serbia with a share in the total exchange of the country in the amount of more than 18 percent.

He stated that Serbia's presidency will be primarily focused on consolidating and strengthening the implementation of the agreement, work on intensifying the trade exchange of the CEFTA signatory countries, and it will also provide an opportunity for Serbia to place the topics of digitisation and electronic trade among the priorities of the presidency.

The Serbian government and the relevant ministry are firmly of the opinion that free economic regional cooperation is extremely important, and this is shown by the fact that in the first nine months of this year, Serbia achieved close to €5 billion in trade with CEFTA, the Minister pointed out.

Momirovic participated in the panel "From Montenegro to Serbia: CEFTA's 2023 Recap and 2024 Goals", which was also an opportunity for Montenegro to hand over the CEFTA presidency to Serbia, which will carry out this activity during 2024.