Slovenija
Bosna i Hercegovina
Hrvatska
Russian President Vladimir Putin signed on Monday the federal law on the ratification of the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Serbia, which would liberalise mutual trade and give Serbia's goods equal access to the Union's market.
Serbia's Prime Minister Ana Brnabic signed a Free Trade Agreement between Serbia and the EAEU in Moscow last October.
It should expand the list of Serbia's products that could be exported to EAEU territory duty-free and increase quotas for exports of goods for which some restrictions applied.
The agreement will replace the existing bilateral agreements with Russia, Belarus and Kazakhstan and expand the free trade zone to Armenia and Kyrgyzstan, a market of about 185 million people, a Russian state media outlet Sputnik reported as cited by the Belgarde FoNet news agency.
On November 3, the upper house of the Russian parliament, the Federation Council, ratified the agreement, which was said to be in line with the World Trade Organization (WTO) standards.
The agreement will enter into force 60 days after the verification in the parliaments of all member states.
The document obliges the signatory countries to liberalise mutual trade, according to the WTO rules, thus establishing a free trade regime between the EAEU's member states and Serbia.
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