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11 Jan 2019, Gergana Bencheva, EMIS Editor

Turkey, Serbia ink new trade agreement

Turkey and Serbia have inked a new trade agreement and the document has come into force after its ratification by the Turkish parliament on Thursday, January 10, eKapija – News reported. Thus, the new deal has created conditions for a large number of products to be included in the duty-free trade between the two countries.

The new trade agreement will allow Serbia to export a wide range of products to Turkey free of duty for the first time. For example, from now on, Belgrade will export to Ankara some 5,000 tonnes of beef a year as well as some 25,000 tonnes of raw sunflower oil, 1,000 tonnes of animal feed products and 500 tonnes of certain baked products.

The deal is also expected to boost the overall trade between Serbia and Turkey which reached a record-high in 2018, exceeding the amount of EUR 1 billion, eKapija – News added.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: eKapija – News