Location
Export to a 1 billion people market without paying any customs duties. This unique market includes members of the Central European Free Trade Agreement (CEFTA) comprising of a free trade area with 25 million people. Then Russia, as Serbia is the only country outside of the Commonwealth of Independent States that enjoys this Free Trade Agreement. Also, Belarus FTA allows mutual abolishment of customs and non-customs duties in trade between the two countries. From January 1, 2010 FTA with Turkey will take effect, while the FTA with EFTA members (Norway, Switzerland, Iceland, and Liechtenstein) is expected to be concluded by the end of 2009. Added to this are duty-free exports to the European Union and the United States for most products and services. Finally, with the population of 7.5 million people, Serbian market itself is among the largest in the region.
