Starting Monday, September 1, the free trade agreement between Serbia and the Arab Republic of Egypt will come into effect. The agreement will exempt almost 50% of agricultural products and 30% of industrial goods from customs duties.
At a presentation held at the Serbian Chamber of Commerce (PKS), Minister of Internal and Foreign Trade, Jagoda Lazarević, highlighted the strong political ties between the two nations, which date back to the time of former Yugoslavia. In recent years, these relations have developed into robust economic cooperation.
Lazarević thanked the institutions involved in the process, particularly the Serbian Chamber of Commerce, which played a key role in organizing numerous business forums and plans to open a representative office in Egypt—a move expected to significantly benefit Serbia’s economy.
“The agreement not only opens doors for Serbian products to enter one of Africa’s most promising markets, but it also benefits citizens by lowering the prices of imported goods, thanks to the removal of customs duties. This is a direct example of how international agreements can strengthen the economy and improve living standards,” Lazarević said.
She also emphasized Serbia’s commitment to expanding its economic partnerships, with Egypt now seen as a key strategic partner in Africa.
Mihailo Vesović, Deputy President of the Serbian Chamber of Commerce, called the agreement the result of years of negotiations, marking a historic milestone in the economic relations between the two countries.
