Fabian Demicoli

EU Implements Interim Agreement with Serbia

The Council of the European Union has decided to implement the Interim Agreement with Serbia. The agreement abolishes nearly all customs duties and quantitative restrictions for imports from the Balkan country. Only for a very limited number of products (baby beef, sugar and wine) annual import quotas remain in effect. The measure is excellent news for European importers, as it will finally provide legal security concerning customs free imports from Serbia.

The agreement also provides for the alignment with European rules on competition and state aid. This will contribute to ensure a level playing field for European retail and wholesale and competitive prices for consumers.

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