Free Trade Agreement between Serbia and Turkey established

Turkey’s parliament ratified a new Free Trade Agreement between Serbia and Turkey.

This created the conditions for a higher number of products to be found in a duty-free trade regime between the two countries, said Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajić.

Due to the new Free Trade Agreement, Serbia was granted for the first time duty free annual export to Turkey of 5,000 tons of beef, 25,000 tons of raw sunflower oil, 10,000 tons of refined sunflower oil, 15,000 tons of sunflower seed, 5,000 tons of soy, 1,000 tons of preparations used in animal nutrition and 500 tons of certain bakery products.