On 19 April 2021, the UK Government announced that the UK and Serbia signed a Partnership, Trade and Cooperation Agreement to ensure £682m trade can continue and grow between the two countries. The announcement said:
The Agreement secures continued preferential trade access between the UK and Serbia with significant savings for business to support jobs and the wider economy. It also sets out how the two countries will strengthen political, economic, security and cultural ties, and reaffirms the UK’s support for governance reform in Serbia that will safeguard its competitive business environment and open, democratic society.
The Agreement secures continued preferential trade access between the UK and Serbia with significant savings for business to support jobs and the wider economy. It also sets out how the two countries will strengthen political, economic, security and cultural ties, and reaffirms the UK’s support for governance reform in Serbia that will safeguard its competitive business environment and open, democratic society.
- The Agreement replicates the effects of the existing EU-Serbia Stabilisation and Association Agreement as far as possible, providing certainty for businesses and consumers in the UK and Serbia.
- Top UK exports to Serbia include scientific instruments, medicine and pharmaceutics, machinery and clothing.
- This Agreement will now be subject to domestic parliamentary procedures in both the UK and Serbia.
- The UK now has agreed trade deals with 67 countries plus the EU, that account for £891bn of UK bilateral trade in 2019.
