FTA Between Serbia, EAEU Takes Effect This Summer

A free trade agreement between Serbia and the Eurasian Economic Union has been ratified and is expected to take effect in June, KPMG said in an April 27 post. The deal will provide preferential tariff quotas for certain types of cheese, alcohol and cigarettes, and liberalize certain Serbian imports of EAEU products, including “taps and valves for pipelines.” The agreement will also revise rules of origin procedures to allow certain customs duty exemptions to apply when trade intermediaries are involved. EAEU countries are Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.