Serbia's membership in WTO important for EU integration as well

Deputy Prime Minister and Minister of Trade Rasim Ljajic and the new head of EU Delegation to Serbia, Sem Fabrizi, agreed at the meeting held on September 7 that the membership of Serbia in the World Trade Organization would be an important step forward in the process of accession to the EU.

Furthermore, the membership in the WTO would be an important message to foreign investors that Serbia was a stable and predictable investment destination, the Ministry of Trade, Tourism and Telecommunications reported.

Ljajic and Fabrizi discussed Serbia's membership in the WTO and the strengthening of regional economic cooperation.

Fabrizi emphasized the EU's readiness to provide professional and other help to Serbia regarding both those questions.

Ljajic introduced Fabrizi to the activities of Serbia and the CEFTA countries in removing non-customs barriers and creating a single economic space.

It was agreed at the meeting that the EU was Serbia's most significant foreign trade partner, that the EU's participation in Serbia's total exports amounted to 67% and that the export-import coverage ratio had reached the all-time peak of over 80%.

Ministarstvo turizma i omladine Republike Srbije

World Trade Organization Geneva

Delegacija Evropske unije u Republici Srbiji Beograd

Cefta Secretariat Brussels

EU Delegation to Serbia

Rasim Ljajic

Sem Fabrizi

membership of Serbia in WTO

membership of Serbia in World Trade Organization

European integration

membership of Serbia in EU

CEFTA