Kyiv and Belgrade enhance trade relations through joint logistics corridors.

Collaboration between Serbia and Ukraine in agriculture, food processing, sectoral restoration, trade, and agro-technology is developing. Notably, imports of Ukrainian agricultural commodities, particularly corn, wheat, oilseeds, and semi-finished products for the food industry to Serbia are going to increase. From its part, Ukraine is planning to import Serbian meat, dairy products, and animal feed.
The countries expect to circumvent existing transit limitations and facilitate more efficient movement of goods between then due to joint logistics corridors. As a result, bilateral agricultural trade volumes between Ukraine and Serbia are growing consistently in recent years. They intend to unveil a roadmap aimed at further deepening their cooperation within the agricultural sector early in 2026.
Moreover, a Ukrainian government delegation will travel to Israel in two weeks to meet the Joint Ukrainian-Israeli Commission on Trade and Economic Cooperation for the first time since 2021. The discussions will touch agricultural collaboration, economic initiatives, and artificial intelligence technologies.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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A new office of Korean trade agency opens in Georgia

As South Korea’s state-run trade promotion agency said, a new office has been opened on Sunday in Georgia to help Korean companies tap opportunities in the emerging Caucasus region.
It is the Korea Trade-Investment Promotion Agency’s first trade outpost in Georgia and its 130th overseas office. The office will be KOTRA’s strategic foothold in the Caucasus region (Georgia, Armenia and Azerbaijan) and a logistics and trade gateway between Europe and Asia.
Nearly 150 officials and business leaders from both countries, including KOTRA President Kang Kyung-sung, Georgian Deputy Minister of Economy and Sustainable Development Tamar Ioseliani, Georgian Deputy Foreign Minister Aleksandre Khvtisiashvili, Georgian Chamber of Commerce and Industry Vice Chair Magda Bolotashvili and South Korean Ambassador to Georgia Kim Hyon-du attended the launch ceremony on Friday.
As KOTRA said, the Tbilisi office will play a key role in exploring Global South markets and advancing Korea’s export diversification strategy.
Last year the countries signed an Economic Partnership Agreement that will eliminate more than 90 percent of tariffs within 10 years, including those on Korea’s top export item to Georgia (automobiles) and consumer goods such as food and beauty products.
Also, KOTRA and the Georgian Chamber of Commerce and Industry signed a memorandum of understanding to strengthen information sharing and partnership with local companies.
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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Extending trade preferences for the Western Balkans will be voted on by European Parliament

A proposal to extend trade preferences for certain agricultural products from Western Balkan countries until 2030, with the aim of ensuring the sustainable economic development of partners from the region, will be the subject of voting in the European Parliament tomorrow.
The existing regulation of the European Parliament and the Council of the EU, valid until 31 December, exempts fruit and vegetables exported from Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia from specific customs duties, and grants access to the global customs quota for wine originating from the Western Balkans.
According to the European Commission, it is necessary to support the vulnerable economies of the Western Balkans region. It also recommends further extension of the application of the Regulation on exceptional trade measures for countries and territories participating in or associated with the Stabilization and Association Process for a further five years, until 31 December 2030.
Also, the report by rapporteur Kris Van Dijk on the proposed amendment to the regulation was adopted by the Committee on International Trade in October, with the recommendation to the European Parliament to approve the proposal.
As the European Parliament’s website stated, the extension of these measures aligns with the EU Growth Plan for the Western Balkans and entails closer integration of the region into the EU’s single market.
Also, the countries must comply with the definition of products of origin, commit not to increase tariffs or restrictions on goods imported from the EU, and refrain from “engaging in serious and systemic violations of human rights, including fundamental workers’ rights, and respect the principles of democracy and the rule of law of the region to benefit from these preferences.
Other necessary factors are economic reforms and cooperation with other countries, particularly in establishing a regional free trade area.
If a country fails to meet its obligations, it will face a full or partial suspension of trade preferences.
In 2024, the volume of trade between the EU and Western Balkan countries overpassed 83 billion euros. Almost 78 per cent of the region’s total exports and 59 per cent of its imports make the European Union the leading trading partner of the region.
Van Dijk justifies the proposal, saying that these measures covered trade that increased by more than 125 per cent between 2018 and 2024, from 60.5 million euros to 137 million euros.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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An office of Chinese Chamber of Commerce will appear in Belgrade

According to the Chamber of Commerce and Industry of Serbia, the Representative Office of the Chinese Chamber of Commerce, which brings together more than 300,000 companies, will appear in Belgrade soon.
The President of the Chinese Chamber of Commerce, Ren Hongbin, informed the President of the Serbian Chamber of Commerce, Marko Čadež at a meeting in Beijing about the beginning of the formal procedure for establishing the representative office of this business association in Serbia.
As Čadež said after the meeting with Hongbin, with whom he opened the major Belt and Road forum, the arrival of the Chinese Chamber of Commerce opens up enormous opportunities for cooperation between the two countries’ economies.
According to him, Serbia should be a “smart crossroads” in the new chapter of the Belt and Road initiative, and a major regional hub for innovative start-ups and IT companies.
Čadež said that they discussed elevating the Belt and Road initiative to a higher level, looking at how we can integrate more deeply when it comes to the green economy, sustainability and, above all, digitalization. It is a great honour for Serbia that China has recognized its potential to serve as a kind of smart crossroads.
Another honourable invitation was to open the conference in China together with the President of the Chinese Chamber of Commerce.
Other issues aimed at strengthening cooperation, including China’s participation in the specialized EXPO 2027 exhibition in Belgrade, were also discussed by Čadež and Hongbin.
Hongbin takes a direct responsibility for China’s participation in this exhibition. The Chinese pavilion is expected to be one of the most impressive.
Čadež said that he would return to China in three weeks to discuss the Land and Sea International Trade Corridor. Serbia founded it together with 18 other countries and initiated its digitalization. The countries also agreed to coordinate all digital cooperation between institutes, accelerators and start-up systems from Serbia.
More than 800 local and industrial associations across the country, as well as representative offices at the EU headquarters in Brussels, and in Italy, France, Poland and Russia, form a network of the Chinese Chamber of Commerce.
Around 30,000 employees work for Chinese companies in Serbia.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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New EU-Ukraine trade agreement makes Kyiv closer to single market

Since 28 October, Kyiv has moved closer to joining the single market due to the revision of the DCFTA—the deep and comprehensive free trade agreement. It has lowered quotas and tariffs on several goods, but required the gradual alignment of agricultural production standards with those of the EU. Nevertheless, the European Commission has put in place safeguard mechanisms to protect European agricultural markets and supply chains.
Originally, the DCFTA entered into force in 2016. Since 2014, they have considered it as one of the pillars of the EU-Ukraine Association Agreement. Later, in 2022, an interim framework known as ATM, the “Autonomous Trade Measures“, replaced it, suspending pre-existing tariffs and barriers on Ukrainian agricultural exports to the EU and temporarily opening the single market to Kyiv for grains, corn, eggs, poultry, sugar, dairy products, and more.
They renewed the exceptional measures for three years, until June 2025. There are three pillars of the agreement: increased trade flows, alignment of production standards, and a “robust” safeguard clause. Brussels was aimed at striking a balance between further trade liberalization, providing Ukraine with the necessary support and protecting certain agricultural sectors in the Union.
Compared to the original agreement, the increases will remain “modest” for the most sensitive products (sugar, poultry, eggs, wheat, maize, and honey).
Ukrainian goods will access more easily to the single market if Ukraine gradually aligns with EU production standards (animal welfare, the use of pesticides, and veterinary medicines).
Also, the DCFTA has designed safeguard mechanisms to protect European markets, in case of severe disruptions at the EU or national level.
Generally, Brussels assures that it has carefully calibrated “the concessions of additional preferential access to the Ukrainian market and has put in place the necessary safeguards, in particular for farmers in Kyiv’s neighboring countries.”
The 27 member states accepted the terms of the new agreement on 13 October. Nevertheless, Hungary, Poland and Slovakia introduced national bans on the import of certain agricultural products from Ukraine last spring. According to Hungarian Minister of Agriculture István Nagy, Budapest will maintain the ban, despite the DCFTA entering into force.
European Commission didn’t comment on the Orban government’s stance, trying to avoid speaking about this dangerous precedent. It is also lobbying capitals (particularly Paris) to approve another, much more ambitious free trade agreement with the Mercosur countries.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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Roadmap to expand trade, energy, and regional connectivity was signed by Azerbaijan and Serbia

Azerbaijan and Serbia signed a Roadmap to advance bilateral trade, investment, and energy projects on October 23, during the 9th meeting of the Intergovernmental Commission on Trade and Economic Cooperation in Belgrade. Azerbaijani Finance Ministers Sahil Babayev and Samir Sharifov, and Serbian Minister Nikola Selakovic emphasized regional connectivity, the Alat Free Economic Zone, Middle Corridor transport links, natural gas exports, SOCAR investments, and participation in EXPO 2027.
Orkhan Mammadov, the Chairman of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan, and Nikola Jankovic, the Director of the Serbian Development Agency, signed a roadmap to implement activities under the Memorandum of Understanding.
As Sahil Babayev noted, nine Serbian companies currently operate in Azerbaijan, and Azerbaijani construction firms take part in major highway projects in Serbia.
In his turn, Nikola Selakovic, the Minister of Culture of Serbia, expects the first meeting of the Strategic Partnership Council between Azerbaijan and Serbia to have taken place by the end of 2025. He reminded about bilateral ties of strategic character that the 2013 Declaration of Strategic Partnership formalized, the 2018 Joint Action Plan, and the 2022 Memorandum of Understanding establishing the Council. Azerbaijan also got an invitation to the EXPO 2027 Belgrade (May – August 2027).
Then, Azerbaijan’s Finance Minister Samir Sharifov and Serbia’s Minister of Culture Nikola Selakovic had a one-on-one meeting focused on cooperation across multiple sectors, including energy, transport, agriculture, healthcare, and education. According to Samir Sharifov, the personal friendship of Presidents Ilham Aliyev and Aleksandar Vucic reinforces the strategic partnership between the two nations. He also mentioned the supply of Azerbaijani natural gas to Serbia that started in January 2024, (around 300 million cubic meters to date), and the State Oil Fund’s $72.7 million investment in Serbia. Also, SOCAR, EPS, and Srbijagas collaborate on a 500 MW combined cycle power plant in Niš. They also discussed transport and green energy cooperation and the peace process between Armenia and Azerbaijan. From his side, Selakovic appreciated Serbia’s support in international forums and its non-recognition of Kosovo’s independence.
Before participating in the Azerbaijan-Serbia Business Forum, public and private sector representatives attended a press conference. According to Sharifov, the results of the session defined future cooperation in alignment with the spirit of friendship and partnership between the two countries. He appreciated Azerbaijan’s transparent and diversified economic policy and the investment potential of the Alat Free Economic Zone and the Middle Corridor project. Sharifov said he was confident that the Azerbaijan-Serbia friendship and partnership would continue to strengthen.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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9.1% growth of Georgia’s foreign trade in January – September 2025

The National Statistics Office of Georgia (Geostat) says that Georgia’s foreign trade turnover, excluding unorganised trade, rose 9.1% year-on-year to $18.5 billion in January–September 2025.
As Georgian media report, imports into the country increased by 9.7% and reached $13.4 billion, and exports grew by 7.7% to $5.2 billion.
Georgia’s trade deficit attained $8.2 billion (up by 11%).
Copper ores and concentrates, ferroalloys, natural grape wines, spirits, mineral water, passenger cars, nitrogen fertilisers, pharmaceuticals, gold, timber, and various nuts were exported by Georgia.
Exports of precious metal ores and concentrates rose by 62.7%, sugar-containing mineral or carbonated waters – by 21.5%, passenger cars – by 13.7%, unprocessed or semi-processed gold – by13.4%, nitrogen fertilisers by 11.9%, and pharmaceuticals – by 7%. Nevertheless, exports of ferroalloys decreased by 32.7%, natural grape wines – by 11.5%, and spirits – by 4.7%.
Crude oil and petroleum products, passenger vehicles, petroleum gas and gaseous hydrocarbons, unprocessed carbon steel rods, medicines, mobile phones, trucks, computers and related components, vaccines, and blood and immunological sera were included in key imports.
Imports of works of art (paintings, drawings, and pastels) grew by 164,079.5%, medicines in packaging by10.3%, passenger cars by 9.9%, and petroleum gases and other gaseous hydrocarbons by7%.
Opposingly, downfall of imports of computers and related components attained 50.8%, unprocessed carbon steel rods – 28.8%, trucks – 24.4%, tobacco products – 5.5%, and crude oil and petroleum products – 1%.
Bilateral trade reaching $2.3 billion (12.2% of Georgia’s total foreign trade) made Türkiye Georgia’s top trading partner in January- September 2025. Azerbaijan, Germany, Kazakhstan, Armenia, and the United Kingdom were other major partners.
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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U.S. propose Serbia a trade deal

According to finance minister Sinisa Mali, U.S. have proposed Serbia to outline the framework of a trade agreement between the two countries, and Serbia is ready to continue further negotiations.
She recalled free trade agreements between Serbia and China, Egypt, the UAE signed last year and current negotiations with South Korea.
From his side, U.S. President Donald Trump unveiled a 10% baseline tariff on all exporters to the country. Duties on some 60 nations identified as having high barriers on imports from the U.S. are even higher. For example, tariff on imports from Serbia attained 37% in April 2024, but later it was reduced to 35%.
Data from Serbia’s statistics office report that Serbia exported to the U.S. goods worth 619.5 million euro ($725 million), and imported goods worth 683.7 million euro in 2024.
According to data from the U.S. Census Bureau, the U.S. exported $209.8 million worth of goods to Serbia and imported $814.2 million in 2024.
As data from Serbia’s chamber of commerce showed, tyres (123.7 million euro), uncategorised goods – including military equipment (109.6 million euro), motor parts (37.2 million euro), pet food (27.4 million euro), and ammunition (25 million euro), were products that Serbia exported the most to the U.S.in 2024.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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Trade and logistics hub appears in Georgia

Many ships come to the Poti Sea Port, on the Black Sea coast of Georgia, and will go to Turkey or Romania to reach the EU.

Since 2022, the need to streamline trade through the “Middle Corridor” has become evident.

Meanwhile, as Atlantic Council reports, volumes on the Northern Corridor fell by half in 2023, while volumes on the Middle Corridor increased by 89 per cent.

Another reason to develop the Middle Corridor is a recurrent disruption to maritime traffic through the Red Sea as a result of attacks by Houthi militants in Yemen.

Another major infrastructure development is the new Tbilisi Dry Port opened in June. AD Ports Group, based in Abu Dhabi, owns it.

According to Levan Berdzenishvili, commercial manager at Tbilisi Dry Port, this hub allows to load cargo to and from trains at Tbilisi.

Finally, additional rail spurs and warehousing facilities will be connected next year.

Not only cargo, but also oil and gas run via the Middle Corridor through Georgia, from Azerbaijan to export terminals in Turkey.

Also, Georgia has become an important link in the Green Energy Corridor, an underwater transmission line linking Georgia to Romania.

Nevertheless, the main challenge is the complexity of the Middle Corridor’s route. It needs to load cargoes heading from China along the corridor to ships to cross the Caspian Sea, then to load them back on to trains or trucks in Baku to cross the Caucasus, and then to transfer to ships again at the Black Sea coast.

Demand for the Middle Corridor could be undermined by factors beyond Georgia’s control, including rail and port delays in Central Asia, or a lack of shipping capacity on the Caspian.

However, the role of Georgia is to ensure the functioning of the Middle Corridor.

Another important thing is a peace deal between Azerbaijan and Armenia, including a pledge to develop trade and infrastructure along the so-called ‘Trump Route for International Peace and Prosperity’.

Yet, delays in approving an expansion plan that would see it invest at least $200mn in a new quay are frustrating for APM.

The reason is the priority of a new deepwater port further north at Anaklia.

Alkis Drakinos, regional director for Caucasus at the European Bank for Reconstruction and Development, says that private sector partners have expressed underwhelming levels of demand to the EBRD. Nevertheless, financing bankable Middle Corridor projects will be considered.

Also, Drakinos warns that the government is not doing enough to encourage investment in Middle Corridor infrastructure.

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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The work of Serbian Post Kraljevo logistics centre restarts after overhaul

According to Serbian state-owned postal operator Posta Srbije, a regional logistics centre in the central city of Kraljevo restarted its work following a reconstruction.
As the postal operator said in a press release on Monday, Posta Srbije’s Kraljevo logistics centre is its fifth one in the country to introduce a robotic system for automatic sorting of postal items. The other four are in Nis, Novi Sad, Kragujevac, and Belgrade.
There are 42 robots, with a capacity of 2,500 postal items per hour, in the new system. Processing and delivery times have also become shorter.
According to Zoran Andjelkovic, Posta Srbije acting director, the strategic goal was to equip all large logistics centres with robots and make new technologies and artificial intelligence an integral part of business processes. Putting this centre into operation completes the robotisation process in all large centres.
As Andjelkovic also said, Posta Srbije will complete a tender for eDeliveries by the end of the year. It will facilitate its staff.
The Kraljevo logistics centre processed more than 900,000 postal items in January-September 2025. This result made it Posta Srbije’s fourth largest logistics centre, after Belgrade, Nis, and Novi Sad.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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