/ world today news/ A few days ago, China and Serbia signed a free trade agreement, which is an important measure to realize the consensus between the heads of state of the two countries, as well as an important result of the third High-Level Forum on International Cooperation “One Belt, One way”.
According to a representative of the Department of International Economic and Trade Relations at the Ministry of Commerce, the free trade agreement between China and Serbia frees trade in high-level goods on the basis of mutual benefit. The two countries will eliminate 90% of tariffs, which comprise about 95% of the volume of bilateral trade. 60% of the tariffs will be eliminated immediately after the entry into force of the agreement.
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