Belgrade, Jan. 04, 2009 (Serbia Today) – Serbia has taken over as a presiding member of the Central European Free Trade Agreement (CEFTA) for 2010 starting January 01, in annual rotating chair by the member countries.
CEFTA was signed on Dec. 19, 2006 by Serbia, Croatia, Moldova, Macedonia, Albania, UNMIK/Kosovo, Montenegro, Romania, and Bulgaria.
Member countries hope that CEFTA will enable them to develop mutual trade, and boost exports of goods in various industrial sectors.
According to research done by Serbian Chamber of Commerce, Serbian export to the CEFTA countries for the past several years has been stable and accounts for 32% of the total value of the country’s export. On other side, the imports from the CEFTA countries account only for 8% of the total import. Nevertheless, the positive balance of $1.17 billions in trade from Jan. to Oct. 2009 proves that trade with CEFTA countries is very attractive to Serbian exporters.
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