This agreement has been implemented since 1 January 2009, reads the statement by the Office and reminds that Serbia had exported goods duty free to the EU in the past as well, since 2001 on the basis of a unilateral decision by the EU, while the Interim agreement on trade and trade-related issues turned this right into a contractual obligation of the EU and Serbia.
The agreement prescribes that as of 1 January 2014 the import of industrial products from the EU be completely free, as well as the import of most agricultural products.
For a number of agricultural products, of around 20% of the total number, a certain level of tariff protection - ad valorem, specific and / or seasonal tariffs, will be kept even after that date, until Serbia enters the EU.
This kind of protection of domestic production which Serbia has, i.e. keeping seasonal tariffs for a number of products, was included for the first time in one of the stabilisation and association agreements (SAA) which the EU signed with other countries of the Western Balkans.
Trade is also liberalised on the basis of other free trade agreements which Serbia concluded, like this one with the EU, with CEFTA member states, Russia, Belarus, Kazakhstan, Turkey and EFTA countries.
For imports from countries with which Serbia does not have free trade agreements the full amount of duty is collected, reads the statement.