Sitemap

CorD Recommends

More...

Etienne Thobois, Paris 2024 CEO

Organising the Olympics is Truly a Team Sport

Paris 2024 aims to make the Games...

H.E. Pierre Cochard, French Ambassador to Serbia

Fraternity Through Sport

As part of the Olympic tradition, France,...

Janos Babity, Head of the Council of Europe Office in Belgrade

75 Years of Promoting Human Rights

Recent reports from Council of Europe bodies...

Marko Đurić, Serbian Minister of Foreign Affairs

Bilateral Rising

The U.S. has continuity of policy on...

News

Montenegro Nominated for Europe’s Most Desirable Destination Award

Montenegro has been nominated for the prestigious title of Europe's most desirable destination in the Wanderlust Reader Travel Awards...

The International “Aleksandar Tišma” Literary Award ceremoniously presented to French writer Cécile Wajsbrot

The third International “Aleksandar Tišma” Literary Award was ceremoniously presented to French writer Cécile Wajsbrot on June 24, 2024,...

Medtronic to Launch Operations in Serbia with Strategic Bio4 Campus Partnership

American medical technology giant Medtronic is set to establish operations in Serbia following a memorandum of understanding signed with...

Mickoski Proposes New Government for North Macedonia

Hristijan Mickoski, leader of VMRO-DPMNE and the designated Prime Minister of North Macedonia, has formally submitted his proposed cabinet...

King Frederick X Inaugurates First Section of Undersea Tunnel Connecting Denmark and Germany

King Frederick X of Denmark has inaugurated the first segment of the ambitious 18-kilometre Fehmarn Belt tunnel beneath the...

Olivera Jocić, Assistant Minister In The Sector For Foreign Trade Policy, Multilateral And Regional Economic And Trade Cooperation

Solidarity And Cooperation Are Key To Success

All measures that have been initiated, at both the national and regional levels, have contributed to Serbia’s trade exchange recording less of a decline than was forecast at the beginning of the crisis and the achieving of satisfactory results overall

The pandemic caused by COVID-19, which impacted the entire world in 2020, had a strong influence on the volume of trade and flows of goods transported in the region and beyond. As a response to the outbreak of the pandemic, the Government of the Republic of Serbia had a proactive approach and reacted immediately, with the introduction of measures at the domestic level, as well as internationally, and primarily at the regional level.

The government adopted a series of measures that were aimed at combating the pandemic and regularly supplying the population, while in parallel an initiative was launched towards the CEFTA region that aimed to ensure the unhindered flow of basic products that are essential for the population during the time of the pandemic, such as medicines, protective equipment and basic foodstuffs. In accordance with that, late March 2020 saw the establishing of green corridors/lanes in the CEFTA region, as a network of priority roads and border and administrative crossings through which the transport of goods could unfold unhindered. A list of basic products that have the right of priority passage was defined, with 24-hour working days secured and the presence of competent state bodies and inspectors, while there was also the specific establishing of electronic exchanges of information and advanced announcements of the arrival of priority goods at border/administrative crossings.

It should be noted that the countries of the region showed exceptional solidarity and successful joint work. We would emphasise the fact that this initiative proved itself to be one of the most successful examples of regional cooperation, which has contributed to meeting the needs of the population during the pandemic and preserving trade flows with our neighbours.

We expect to face the same challenges in foreign trade exchanges at the global and local levels this year as we did in 2020

On the basis of the successful implementation of this initiative within the CEFTA region, a proposal came to expand the modified mechanism of Green Corridors to encompass border crossings with the EU, which would be extremely significant given that the EU is the most important trade and investment partner of the entire CEFTA region.

It is important to highlight that all the measures that were initiated, at both the national and regional levels, have certainly contributed to Serbia’s trade exchange recording less of a decline than was forecast at the beginning of the crisis. Thus, in 2020 Serbian exports to the world recorded a decline of 2.7%, while imports fell by 3.8%. Compared to global trends or those of the EU, where exports fell by as much as 9.4% and imports by 11.6% last year, it can be concluded that Serbia achieved satisfactory results that were even better than those of its most important partners.

Serbia’s total world trade (worth over 40 billion euros) fell by 3.4% in 2020, while trade with the EU fell by 1.9% compared to 2019. In the trade exchange with CEFTA, that decline totalled 4.1%, while with the Russian Federation it was 31.2%. On the other hand, during the observed period the total trade exchange with China was up by 26.3% compared to 2019. In contrast to that, data from the World Trade Organization show that the volume of global trade was 5.3% lower in 2020 than it was in 2019. All regions recorded sharp declines in both imports and exports, with the exception of Asian countries, where exports were up by 0.3% and imports fell by 1.3%, primarily thanks to China’s dominant role and exports of essential products for combating the pandemic.