Serbian trade minister hails China-Serbia FTA

NOVI SAD, Serbia, July 1 (Xinhua) -- Serbian Minister of Domestic and Foreign Trade Tomislav Momirovic has said that the free trade agreement (FTA) with China, which took effect Monday, will enhance trade, foster investment cooperation and integrate industrial chains, to ultimately maximize economic benefits for both nations and boost their international competitiveness.

According to the deal signed in October 2023, approximately 90 percent of the products traded between China and Serbia will be exempted from tariffs, while over 60 percent of them will enjoy zero tariffs immediately after the FTA goes into effect.