Eurasian Economic Union to decide on imports of Serbian-made Fiat 500L cars within days

Eurasian Economic Union to decide on imports of Serbian-made Fiat 500L cars within days
By bne IntelliNews March 17, 2016

The council of the commission of the Eurasian Economic Union (EaEU) might decide at a meeting in mid March whether to allow the import of 10,000 Fiat 500L cars, manufactured at the FIAT Chrysler Automobiles (FCA) plant in Kragujevac in central Serbia, Russian ambassador to Serbia, Aleksandar Chepurin said on March 16.

For several years, Belgrade has been trying to start exports of Fiat 500Ls Russia, for which it needed approval from all EaEU countries.

Serbia aims to export Fiat 500L vehicles to the EaEU under a free trade agreement signed with Russia in 2000, which states that goods produced in Serbia which have at least 51% value added in the country are considered to be of Serbian origin and can be exported to the Russia duty free. The Fiat 500L, which is manufactured at FCA Serbia’s plant in Kragujevac, meets these requirements.

On March 16 Tanjug quoted Chapurin as saying that some positive steps towards launching Fiat 500L exports to the EaEU had been taken, but no further information was given.

Chepurin said in an earlier interview with Sputnik that exports to Russia are dependent on approval from the other members of the EaEU, and that for issues related to duty free imports or exports within the EaEU, a consensus is always required.

Serbia is the only country outside the Commonwealth of Independent States that enjoys a free trade agreement with Russia, and has so far resisted EU requests to join the economic sanctions imposed on the country over the conflict in Ukraine.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

China's Hesteel Group to boost investments in Serbia’s Smederevo steel mill

Representatives of China's Hesteel Group, which acquired Serbia’s only steel mill Zelezara Smederevo in July 2016, plan to invest ... more

French court refuses to extradite ex-Kosovo PM Haradinaj to Serbia

The Court of Appeals in the French town of Colmar decided on April 27 not to extradite Kosovo’s former Prime Minister Ramush Haradinaj to Serbia.  The decision was celebrated in Kosovo and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss