“Erdogan hurts Kosovo, removes all taxes from Serbia

The Turkish Parliament today has ratified a free trade agreement with Serbia. This has created conditions for a large number of Serbian products to circulate freely on the Turkish market and without paying any taxes.

The news has confirmed to Serbian media, Serbia's Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajic broadcasts Periscopi.

Under the new Free Trade Agreement, Serbia for the first time implements annual duty free export to Turkey for: 5,000 tonnes of beef, 25,000 tonnes of crude oil, 10,000 tonnes of refined sunflower oil, 15,000 tonnes of sunflower seed, 5,000 tonnes of soy, 1,000 tonnes of preparation used in animal food, and 500 tonnes of certain food products, Ljajic has recognised, reports B92 and broadcast Periscopi.

Besides quotas for these new products, the agreement allows Serbia to double the current quotas for duty-free exports of peas, beans, corn and sugar plums”, the minister has said.

Ljajic said that the new free trade agreement will be a strong incentive to boost Serbia's exports to Turkey and expand trade volume between the two countries, which in 2018 for the first time exceeded a billion euros.

The “A good portion of the text of this agreement was agreed on by previous rounds of negotiations, and experts remained to agree on six other tariff lines,” Ljajic told B92. /Periscopi