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Dec 17, 2009 16:14 EEST
BELGRADE (Serbia), December 17 (SeeNews) – Serbia said on Thursday it signed a free trade agreement with the European Free Trade Association (EFTA).
“The signing of the free trade agreement with the EFTA members brings Serbia one step closer to a better free trade regime,” Economy Minister Mladjan Dinkic said in a statement after signing the agreement in Geneva.
EFTA members include Iceland, Norway, Switzerland and Liechtenstein that make a market of 13 million people.
The agreement will take effect in April, enabling Serbia to export products to EFTA member states duty-free, Dinkic said, adding Serbia’s trade with EFTA members totals about 260 million euro ($372.9 million) a year.
Serbia signed free trade agreements with Belarus and Turkey earlier this year. The government in Belgrade has free trade agreements with Russia and Ukraine, and is part of the Central European Free Trade Agreement (CEFTA).
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