Serbia, UK Sign Agreement Regulating Post-BREXIT Bilateral Trade

Trade, Tourism, and Telecommunications Minister Tatjana Matic and British Ambassador in Belgrade Sian Macleod signed a Partnership, Trade, and Cooperation agreement between Serbia and the United Kingdom set a new legal basis to regulate bilateral trade, which was previously defined by the Stabilization and Association Agreement between the European Community and the member states and the Republic of Serbia, the Serbian government said in a press release on Monday (19.04). 

Matic is quoted as saying that the new agreement keeps in place the same level of cooperation in all areas, as well as the degree of trade liberalization that existed before December 31, 2020. She said the agreement will enable the resumption of normal trade and creates conditions to increase trade and bring investments. 

The press release said that Ambassador Macleod said that the agreement confirms the two countries’ commitment to bilateral relations and regulates unhindered trade in the interest of business people and consumers. 

The press release said that the first temporary bilateral trade agreement between Serbia and the UK was signed in March 1879. 

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