Free Trade Agreement (FTA) between the Republic of Turkey and the Republic of Serbia was signed on 1 June 2009 in Istanbul and entered into force on 1 September 2010.
With Turkey-Serbia FTA, tariff and non-tariff barriers for trade were eliminated in trade between the Parties. Also, Agreement regulates numerous subjects such as sanitary and phytosanitary measures, technical barriers to trade, intellectual property, rules of origin, internal taxation, anti-dumping and countervailing measures, safeguards, and balance of payments measures.
Turkey eliminated customs duties on imports of all industrial products originating in Serbia upon the entry into force of this Agreement. Customs duties on imports into Serbia for industrial products originating in Turkey were abolished upon the entry into force of this Agreement, except for the products listed in Annex II of the FTA. Regarding the industrial goods originating in Turkey listed in Annex II, customs duties on imports into Serbia will be eliminated progressively until 1 January 2015. Since 1 January 2015, customs duties applied by Serbia on imports of all industrial products originating in Turkey were abolished.
Concerning agricultural products, Turkey and Serbia exchanged mutual concessions for certain products in the form of tariff quotas subject to MFN duty reduction or exemption. Reciprocal concession lists of agricultural products are laid down in Protocol I of the Agreement.
The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Protocol II of the Agreement.
The trade volume between Turkey and Serbia was realized as 1.132 million US$ in 2017 with an increase of 30 % compared to 2016. In 2017, imports from Serbia were 414 million US$, whereas Turkey’s export to Serbia were 717 million US$.
- Free Trade Agreement Between The Republic Of Turkey And The Republic Of Serbia
- List A of Annex II
- List B of Annex II
- List C of Annex II
- Protocol I
- Protocol II