Foreign Exchange of Republic of Serbia With the Western Balkans in Agricultural Products

Jelisavac Trošić, Sanja and Gajić, Mihailo (2012) Foreign Exchange of Republic of Serbia With the Western Balkans in Agricultural Products. In: Western Balkans: From Stabilization To Integration. Institute for International Politics and Economics, Belgrade, pp. 287-300. ISBN 978-86-7067-160-7

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Abstract

The main goal of this paper is to examine the changes in the trend of foreign trade of the Republic of Serbia in agricultural products, a sector which is recognized as the one in which it has significant advantages. In the last decade several factors had a significant impact on Serbian trade. With the opening of negotiations for accession to European Union and World Trade Organization and signing of Central European Free Trade Agreement, there was a change in overall business climate in Serbia and these changes have not skipped also the agricultural sector. The article will explore the movement of total Serbian foreign trade with a focus on agricultural products in the last decade, as well as the impact of the CEFTA on structure and volume change of export and import. The authors will explore the impact of numerous non-tariff barriers as major obstacles to increase in volume of trade and make projections about future trends in agricultural trade, primarily with major foreign trade partners of Serbia, the European Union and the Central European Free Trade Area.

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