Signed Free Trade Agreement with EFTA Members

17. 12. 2009.

Serbia signed the Free Trade Agreement today in Geneva with European Free Trade Association (EFTA) trade bloc which includes Iceland, Lichtenstein, Norway, and Switzerland.

The Agreement was signed at the EFTA's ministerial conference on behalf of the Government of Serbia by the Minister of the Economy, Mladjan Dinkic, and will be put in effect in April 2010, after is ratified by the Parliament of Serbia. It will enable duty-free export of Serbian products to the EFTA market.  "Signing the Free Trade Agreement with EFTA countries is another step towards better positioning of Serbia in the free trade regime. Trade with EFTA region amounts to about €260 million at this moment, and I think that it will be significantly increased after this agreement is signed" said Dinkic. He also pointed out that the investments that had come from the EFTA countries amounted to about €2 billion and added that he expected those investments to grow in the future.