In a move that promises to reshape Serbia’s economic future, the long-awaited economic partnership agreement between Serbia and the United Arab Emirates (UAE) officially took effect on June 1.
This historic deal not only establishes free trade for goods but also significantly liberalizes service sectors like logistics, telecommunications, and ICT.
Both nations are poised to collaborate on areas ranging from water management and digital innovations to tourism.
With a strong emphasis on agricultural and food products, the deal includes measures to streamline the halal certification process for Serbian goods, such as meat and cosmetics.
Over the next three years, more than 80% of Serbia’s exports are expected to benefit from the free trade framework.
As Serbian Minister Jagoda Lazarović pointed out, this agreement will catalyze both trade and investment, while strengthening diplomatic ties, fostering a robust economic bridge between the two countries.
This deal is poised to be a game-changer for both sides, offering new opportunities in the Gulf market.