Implementation of Agreement with United Kingdom Begins – Reduction of Customs Tariffs

The implementation of the agreement on partnership, trade and cooperation between the United Kingdom of Great Britain and Northern Ireland and Serbia began on May 20, 2021. For the business community of Serbia which does business with the British market, this means a reduction of customs tariffs compared to the beginning of the year, as announced on the website of the Chamber of Commerce of Serbia (CCIS).

In the external trade between Serbia and the UK, the customs tariffs will go back to the values that were in effect when the UK was a member of the European Union, with proscribed quotas for agricultural products. The new agreement was officially signed on April 16, 2021.

The new agreement aims to preserve the trade connections established within the Stabilization and Association Agreement of the EU with Serbia, to establish a free trade zone, to preserve preferential conditions in trade and to ensure a basis for the further trade liberalization.

– The agreement will contribute to reinstating the level of the external trade on both sides and also certainly to preserving the position of the supplier for Serbian companies in the UK market. Of course, the trade is expected to increase, British investments are expected to increase as well, the cooperation and economic relations are expected to be boosted and Serbian exports to the British market, especially of food products, as well as products from the rubber, textile and metal industries, are expected to increase as well – points out Marica Vidanovic of the CCIS.

Privredna komora Srbije

Uprava Carina Beograd

Marica Vidanović

agreement on partnership trade and cooperation between United Kingdom and Serbia

agreement on partnership trade and cooperation

reduction of customs tariffs

foreign trade

customs tariffs