The Deputy President of the Serbian Chamber of Commerce (PKS), Mihailo Vesović, announced today that the Free Trade Agreement (FTA) between Serbia and Egypt has been ratified and will come into force during the summer.
“This agreement marks a significant milestone in the economic relations between Serbia and Egypt,” Vesović said at a press conference ahead of a meeting with Egypt’s Labor Minister Mohamed Gobran and Serbian companies interested in recruiting Egyptian workers.
He emphasized that more than 80% of products traded between the two countries will soon benefit from duty-free treatment. This development opens new opportunities for Serbian exporters seeking alternative markets beyond Europe, especially in sectors such as fruit, frozen fruits and vegetables, as well as some technological and industrial products.
The meeting will also address labor shortages in key sectors like construction, trade, and hospitality, where Serbia currently lacks sufficient domestic workforce. Cooperation with Egypt is seen as a solution to these labor demands to support ongoing development projects.
Vesović expressed optimism about expanding economic cooperation, including reciprocal visits, and encouraged Serbian companies to explore the Egyptian market for both exports and imports. He highlighted that many imported goods are currently burdened by customs duties, which will be reduced under the new FTA.
From the start of the agreement, duty-free access will apply primarily to citrus fruits, various other fruits and vegetables, and some industrial products, leading to lower prices for Serbian consumers.
Egypt’s Labor Minister Mohamed Gobran praised Serbia’s preparations for the EXPO 2027 specialized exhibition and noted the increasing demand for Egyptian workers in Serbia, especially in construction. He described Egyptian workers as experienced, professional, and reliable, though their current numbers in Serbia remain small.
Gobran outlined efforts by Egypt’s Ministry of Labor to ensure that workers sent abroad are well-qualified, properly trained, and monitored during their employment. The ministry also informs workers about Serbian laws and living conditions before departure.
He added that Serbia’s labor and interior ministries have agreed to facilitate visas for Egyptian workers, contingent on guarantees that workers will comply with Serbian regulations and remain in the country legally.
Gobran emphasized Egypt’s commitment to combating illegal migration and human trafficking, ensuring that workers coming to Serbia are skilled, professional, and properly prepared.
