Foreign trade in agricultural products between the Republic of Serbia and the Republic of Kazakhstan: A decade since the signing of the Free trade Agreement

Abstract

Modern international economic relations, among other things, are characterized by establishing bilateral and multilateral cooperation between countries in order to liberalize trade relations. The implementation of reached free trade agreements affects economic trends in the signatory countries, the intensification of their foreign trade as wll as the increase in the attractiveness of countries as investment destinations. From 2000 onwards, Serbia has signed several free trade agreements with European countries and the United States. Ten years ago, a free trade agreement was signed with the Republic of Kazakhstan in order to encourage the development of mutual trade and economic relations, accelerate economic development, improve living and working conditions, increase employment and establish fair competition between economic entities from Serbia and Kazakhstan. The subject of the mentioned trade relations are also agri-food products, whose production in Serbia is supported by an excellent raw material base, and has always been a part of national tradition and culture. The research subject of this paper is foreign trade of agricultural products between Serbia and Kazakhstan with regard to free trade agrrements. The research aim is to determine the differences in the movement of exports and imports between the mentioned countries in the period before and after the signing of the free trade agreement.

Researching Trends and Forecasting Future Values of Fruit Exports and Imports of the Republic of Serbia

“…The Republic of Serbia has developed the most intensive foreign trade relations with the countries with which it has signed free trade agreements: EU member states, signatories to the Central European Free Trade Agreement (CEFTA) and members of the European Free Trade Association (EFTA), Russia, Kazakhstan, Belarus and Turkey and the United States (Generalized System of Preferences). After the signing of the free trade agreement between Serbia and Kazakhstan, foreign trade became much more intense, but was still below its potential, with the dominance of agricultural and food exports over imports (Simić and Stankov, 2020).…”