Digitalni repozitorijum
Univerziteta u Beogradu
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The Importance and Expectations of the Free Trade Agreement between Republic of Serbia and Eurasian Economic Union
Popović Petrović, Ivana
Abstract The Free Trade Agreement between the Republic of Serbia and Eurasian Economic Union was signed in 2019 and it had just entered into the force in July 2021. The main aim of this paper is to point out the importance of newly open market of more than 180 million of habitants and potential buyers, for Serbian economy. These expectations of trade` increase, primarily would be analyzed by elements of the Agreement, important for the trade regulation. Many economic opportunities couldn`t be seized unless relations between signatories are thoroughly regulated and that is the reason for observing the content of this Agreement as the best basement for further achievements. Pointing the main objectives of the Agreement, as expansion and promotion of the free mutual trade and all economic relations with the improvements of procedures for its implementation, the focus of the paper would be the analysis of the Agreement and its Annexes as its integral part: List of goods exempted from free trade regimes of both parties, Joint administration, Technical barriers to trade, Sanitary and Phytosanitary Measures, Antidumping Procedures and Countervailing Measures, Dispute Settlements Body, Joint Committee. The Agreement has regulated many issues, especially very sensitive ones, like the Rule of Origin, as a part of the Annex 3, with a special reference on the issuing, verification, certification and mutual recognition of the Certificate of origin. It is expected that this issue, with detailed regulation in Agreement, would represent the great contribution to the facilitation of the trade flows. This Agreement is also good example of creating one transparent mechanism for the settlement of disputes, with the final aim to achieve mutually agreed solution. A special contribution of this Agreement would be pointing all important elements of the procedure for anti-dumping investigations. These elements would be compared to elements in other free trade agreements, with the assessment of the opportunities that this agreement provides.
engleski
2021
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Keywords: Free trade agreement, certificate of origin, list of exempted goods, dispute settlements body