Serbia, EU ink deal on trade liberalization under WTO membership talks.

By bne IntelliNews January 12, 2011
Economy minister Mladjan Dinkic and EU Trade Commissioner Karel de Gucht have inked a bilateral agreement on the liberalization of the markets of goods and services as part of Serbias efforts to join the World Trade Organisation (WTO), a release on the government website reads. Dinkic said the signing of the agreement represented the most important step in the countrys WTO membership talks so far, since the EU accounts for 60% of Serbias foreign trade. Talks with other WTO members are expected to continue in the next few months, Dinkic also said. Serbia is still negotiating with the United States, Brazil, Switzerland, El Salvador and Ukraine, he added. Commissioner de Gucht said that Serbia has made significant progress in preparing for WTO membership, adding that the EU supported the countrys swift accession to the trade organisation. Serbia applied for WTO membership in 2005.

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