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A:
Transitional Trade Agreement to be implemented
Belgrade,
8 December 2009
Deputy Prime Minister for EU integration Bozidar Djelic said today that the decision of the EU Council of Ministers to start implementing the Transitional Trade Agreement with Serbia is a key event for the future of Serbia and its citizens.
Djelic said in a statement that the implementation of this agreement introduces Serbia to a contractual relation with the EU for the first time, thus bringing legal safety for domestic and foreign investors.
The trade preferences we have had so far will now be transformed into contractual obligations and our products and investors from the EU will be granted additional benefits for manufacturing in the region thanks to the cumulation of rules of origin system, the Deputy Prime Minister said.
He stressed that an agreement was reached with the European Commission to hold the first meeting between Serbia and the parity committee of the European Commission, tasked with monitoring the implementation of the agreement, on March 2, 2010.
The trade preferences we have had so far will now be transformed into contractual obligations and our products and investors from the EU will be granted additional benefits for manufacturing in the region thanks to the cumulation of rules of origin system, the Deputy Prime Minister said.
He stressed that an agreement was reached with the European Commission to hold the first meeting between Serbia and the parity committee of the European Commission, tasked with monitoring the implementation of the agreement, on March 2, 2010.
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