Serbia to Preside Over CEFTA in 2024

Source: eKapija Friday, 08.12.2023. 09:00
Illustration (Photo: Milos Muller/
Minister of Domestic and Foreign Trade Tomislav Momirovic said in Podgorica yesterday that Serbia would preside over the Central European Free Trade Agreement (CEFTA) in 2024.

After the "CEFTA WEEK 2023" conference, Momirovic said that Serbia would have the opportunity to continue fulfilling one of the most important goals, which is regional connection and intensification of trade cooperation for the benefit of the economy and improving the quality of life of citizens, as announced on the website of the Government of Serbia.

The Minister pointed out that the importance of the CEFTA market for the Serbian economy was enormous and added that CEFTA was the second trading partner of Serbia with a share in the total exchange of the country in the amount of more than 18%.

He stated that Serbia's presidency would be primarily focused on consolidating and strengthening the implementation of the agreement, work on intensifying the trade exchange of the CEFTA signatory countries, and that it would also provide an opportunity for Serbia to place the topics of digitization and electronic trade among the priorities of the presidency.

Momirovic emphasized that economic cooperation based on standards and principles of the European Union within the CEFTA mechanism, and especially on the honest will of the participants, brought results in the form of the growth of the economic activity, trade and the creation of new and better jobs.

Momirovic participated in the panel "From Montenegro to Serbia: CEFTA's 2023 Recap and 2024 Goals", which was also an opportunity for Montenegro to hand over the CEFTA presidency to Serbia, which will carry out this activity during 2024.

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