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Serbia’s free trade agreement with China: A key step towards future development

Ana Brnabić, President of the Assembly of Serbia, emphasized the significance of the free trade agreement between Serbia and China, which took effect on July 1. She described it as a crucial document for Serbia’s future development, enhancing trade, cooperation, and particularly benefiting the agricultural sector and food industry.

Brnabić highlighted that this agreement effectively removes barriers for Serbian products in China, stating, “For our economy, especially for our agricultural products and food industry, there are no more borders—only the sky is the limit.” She expressed admiration for China’s remarkable progress over recent decades, noting the impressive evolution witnessed in the country.

She credited this transformation to strategic planning and bold political decisions, which have led to significant infrastructure advancements in China. These developments, she noted, also contribute positively to global markets through initiatives like the “Belt and Road.”

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The President underscored the substantial growth in trade and cooperation between Serbia and China over the last ten years. In the past three years, China has emerged as the largest foreign investor in Serbia, with three Chinese companies ranking among the top five exporters from Serbia. Last year, bilateral trade exceeded six billion dollars, placing China as Serbia’s second most important trading partner after Germany.

When asked how Serbia can integrate into Chinese modernization, Brnabić pointed to key areas such as modern technology, innovation, and investments in education, science, and research. She articulated Serbia’s ambition to become a European leader in artificial intelligence and biotechnology, aligning its goals with the modern technological landscape.

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