Buckle up, global trade watchers! The China-Serbia Free Trade Agreement (FTA) officially kicked off on Monday, promising a major boost to economic ties between the two nations. Imagine 90% of goods traded *tariff-free* in the near future—and over 60% slashing costs immediately.
Talk about fast-tracking!
The deal, signed in October 2023, was celebrated in Serbia’s vibrant city of Novi Sad. Serbian Trade Minister Tomislav Momirovic called it a “game-changer,” highlighting access to China’s 1.4 billion-strong consumer market. “China has already invested €5.5 billion here,” he said, framing the FTA as a catalyst for job growth and tech collaboration.
Chinese Ambassador Li Ming praised the “ironclad friendship” between the countries, noting the agreement’s rapid journey from talks to reality (just 1.5 years—faster than a Netflix binge! ). The pact aims to weave supply chains closer, turbocharge investments, and make both economies more competitive globally.
For entrepreneurs and investors, this means new opportunities in agriculture, green tech, and digital innovation. Students, take note: Serbia could become a hotspot for China-backed projects. Travelers, add Novi Sad to your radar—this deal might just spark a cultural and economic glow-up!
Reference(s):
cgtn.com