For ratification in the state Duma introduced the agreement on free trade zone between the EEU and Serbia

the Russian Government has submitted for ratification to the state Duma the agreement on free trade zone between the Eurasian economic Union and Serbia, the correspondent “of Rosbalt”.

Under the agreement with the rules of trade between the EAEU and Serbia correspond to the holes of the WTO, noted in the explanatory note to the document. It also stipulates the mechanism of bilateral safeguard measures, which allows to respond quickly to market changes by trade liberalization. Also introduces a valuable and effective mechanism for resolving disputes between the parties to the agreement. Created the opportunity for the settlement of disputes by transferring the dispute to the panel of arbitrators.

the Arrangements for tariff liberalization are as follows. Member States of the EAEU Serbian products provide a single regime of access to the market. However, exemptions from the free trade regime when importing to the customs territory of the EAEU.

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