Serbia is set to sign a free trade agreement (FTA) with the Eurasian Economic Union (EEU) in May 23 which the country claims will give it access to a market of 180 million potential customers. However, Serbia already has an FTA with the EEU's largest members Russia, Kazakhstan and Belarus, meaning the new FTA would give it access to a further 9.2 million people— the population of Armenia and Kyrgyzstan. Meanwhile, Serbia's trade negotiations with the EU have broken down because of Belgrade's refusal to recognise Kosovo as an independent state.
Serbia is set to sign a free trade agreement (FTA) with the Eurasian Economic Union (EEU) in October which the country claims will give it access to a market of 180 million potential customers. However, Serbia already has an FTA with the EEU's largest members Russia, Kazakhstan and Belarus, meaning the new FTA would give it access to a further 9.2 million people— the population of Armenia and Kyrgyzstan. Meanwhile, Serbia's trade negotiations with the EU have broken down because of Belgrade's refusal to recognise Kosovo as an independent state.