Serbia Moves Closer To WTO With South Korea Bilateral Agreement
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Serbia signed a trade deal with South Korea today, its latest bilateral accord with a member of the World Trade Organization, which it hopes to join next year.
After two years of negotiations, Serbia and South Korea reached the agreement to eliminate or lower trade barriers on some 2,000 agricultural and industrial products, with the Asian country “giving up some of the demands” after the Serbian side insisted that a full liberalization would hurt its economy, Serbia’s Economy Minister Mladjan Dinkic said.