Booming Market Potential
Starting a business in Serbia means the opportunity of exporting to a 1 billion people market without paying any customs duties.
Serbia is a member of the Central European Free Trade Agreement (CEFTA) comprising of a free trade area with 29 million people. This region is also the one with the highest growth rate in Europe.
Serbia is the only country outside of the Commonwealth of Independent States that enjoys a Free Trade Agreement with Russia.
The Free Trade Agreement with Belarus envisages mutual abolishment of customs and non-customs duties in trade between the two countries.
The Free Trade Agreement with Turkey will take effect as of January 1, 2010, 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.
