According to the trade ministry in Belgrade, Serbia and Georgia launched negotiations about a bilateral free trade agreement (FTA) on Monday.
Serbia’s trade minister Jagoda Lazarevic and Georgia’s minister of economy and sustainable development Mariam Kvrivishvili signed a joint statement for the conclusion of a free trade agreement, expecting to conclude the FTA
by the end of 2026.
As data from Serbia’s chamber of commerce showed, the worth of products that Serbia exported to Georgia in 2024 was about 10 million euro ($11.8 million). These were cigarettes, paper and paperboard, and tyres for passenger cars. Meanwhile, the worth of importing products (lubricating oils, machines) attained 1.7 million euro.
The trade ministry reports that Serbia currently has free trade agreements with China, the EU, Egypt, Turkey, the Eurasian Economic Union, Great Britain, CEFTA, and EFTA countries. Also, the first round of talks on a Comprehensive Economic Partnership Agreement (CEPA) between Serbia and South Korea has been concluded this month. Moreover, Belgrade signed a similar agreement with the United Arab Emirates (UAE) in 2024.
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.
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