Free trade between China and Serbia will certainly bring many positive things for both countries. Because free trade without charge has always been a good thing for production, but also for business people in general.
President of Serbia, Aleksandar Vučić, and the President of China, Xi Jinping
According to available information, free trade between the two countries should take place by the end of this year. Certainly, this move additionally strengthened the ties regarding strategic partners. Namely, the agreement was signed by the President of Serbia, Aleksandar Vučić, and the President of China, Xi Jinping. The two presidents agreed at a meeting in Beijing to speed up the agreements to the mutual satisfaction.
What does this mean for the citizens of Serbia and China?
This simply means that, for example, Serbia will be able to export its products to China in the most normal way. But the emphasis is on free trade, which means that goods from Serbia arrive in China without any additional costs. Of course, the same rules apply to the opposite situation. According to available information, Serbia is likely to export the most food products, and certain types of products from the wood industry.
Certainly, in this way, larger or smaller producers can be relieved because there will be no additional costs in the form of customs duties on exports. At the moment, some finesse is being finalized regarding the free trade agreement between China and Serbia. Reportedly, about 90% of that has already been agreed, there are only small things that need to be agreed.