EFTA and Serbia hold third Joint and Sub-Committee meetings

Published 20-06-2018
The third meeting of the Joint Committee established under the Free Trade Agreement (FTA) between the EFTA States and Serbia took place on 19 June 2018 in Geneva.
The third meeting of the Joint Committee established under the Free Trade Agreement (FTA) between the EFTA States and Serbia took place on 19 June 2018 in Geneva.

Mr Lars Erik Nordgaard, Senior Adviser at Norway’s Ministry of Trade, Industry and Fisheries, acted as the EFTA Spokesperson, while the Serbian delegation was led by Mrs Olivera Jocić, Assistant Minister of Trade, Tourism and Telecommunications. 

Delegations exchanged views on the status of bilateral trade between the two sides, noting the increase in merchandise trade in the last five years. The Joint Committee also reviewed and discussed possible further developments in issues related to market access for agricultural products, sanitary and phytosanitary measures, trade remedies, investment, trade in services, government procurement, intellectual property rights, and sustainable development. Two decisions were adopted: one updated the rules of origin to establish a link to the Pan-EuroMediterranean Convention and the other amended the Annex on Trade Facilitation.

A meeting of the EFTA-Serbia Subcommittee on Customs and Origin Matters also took place on 19 June 2018. The Subcommittee discussed the latest developments and possible updates in several areas pertaining to customs matters, including rules of origin and trade facilitation.

Total merchandise trade between EFTA and Serbia reached 396 million Euro in 2017, a sharp increase from 211 million in 2012. In 2017, EFTA’s exports to Serbia were valued at 234 million Euro while imports reached 163 million. EFTA’s main export to Serbia in 2017 was pharmaceuticals, followed by mechanical machinery and cars. Other important exports are technical instruments, watches and seafood. Among EFTA’s leading imports from Serbia were precious metals, furniture, copper articles, fruits, nuts, apparel, vehicles, iron and steel articles, machinery and plastic articles.

Read more on the EFTA-Serbia Free Trade Agreement and trade statistics between EFTA and Serbia.

 

 

 

Officer
Trade Relations Division