Serbia trade

Serbia cost table

Serbia trade

serbia trade

Owing to the free trade agreements with these countries, Serbia is an ideal place for setting

up a manufacturing/distribution hub to serve the markets of the Russian Federation,

South East Europe, the EU and EFTA countries, the US, Belarus, and Turkey.

 

USA

Duty-free export regime applies to approximately 4,650 products, including most finished and semi-finished goods and selected agricultural and primary industrial products. The list of eligible goods is reviewed and adjusted twice per year with input from U.S. industries.

 

Russian Federation

The agreement stipulates that goods produced in Serbia, i.e. which have at least 51% value added in the country, are considered of Serbian origin and exported to Russia customs free. The list of products excluded from the Free Trade Agreement is revised annually. As of March 2012, the list of excluded products includes: poultry and edible waste, some sorts of cheese, sugar, sparkling wine, ethyl-alcohol, tobacco, cotton yarn and fabric, some types of compressors, tractors, and new and used passenger cars. There is also a list of products originating from Russia which are excluded from the agreement.

 

Belarus

There are only a few exceptions to the Agreement, including sugar, alcohol, cigarettes, as well as used cars, buses, and tires.

 

Turkey

Companies in Serbia can export to Turkey without paying customs duties. Imports of industrial products from Turkey are generally customs-free, but for a large number of goods customs duties will be progressively abolished over a six-year period, ending in 2015. Customs duties remain in effect for agricultural products.

 

CEFTA

In addition to duty-free trade between member countries, the agreement specifies accumulation of product origin, meaning that products exported from Serbia are considered of Serbian origin if integrated materials originate from any other CEFTA country, the European Union, Iceland, Norway,

Switzerland (including Liechtenstein) or Turkey, provided that such products have undergone sufficient processing, i.e. if at least 51% of the value added in the product is sourced in Serbia(if value added there is greater than the value of the materials used in Serbia).

 

EFTA

Industrial products exported from Serbia to EFTA member states (Switzerland, Norway, Iceland, and Liechtenstein) are exempted from paying customs duties, except for a very limited number of goods, including fish and other marine products. Custom duties for imports of industrial products originating in EFTA states will gradually be abolished by 2014. Trade in agricultural products is regulated by separate agreements with each of the EFTA members, providing for mutual concessions for specified products.

Outside the Commonwealth of Independent States, Serbia is the only country with a Free Trade Agreement with Russia. Increase your competitiveness by benefiting from a Customs-Free Access to a Billion Person Market.