China-Serbia Free Trade Agreement by 2022
President Xi Jinping and Serbian President Aleksandar Vučić met during the opening ceremony of the Beijing Olympic Games 2022. During the meeting, they discussed on a number of important issues, including a free trade agreement (FTA) between the two countries.
The Serbian president stated that a free trade agreement between Serbia and China will be signed by the end of 2022, promoting trade of goods and services with Serbia as an attractive hub to investors from the West.
Serbia and China have previously signed and ratified a double taxation treaty and a bilateral social security agreement.
In 2021, the total bilateral trade between China and Serbia reached 3.2 billion USD, a year-on-year increase of 54.3%. China’s exports to Serbia reached US$2.24 billion, up 37.9 percent from the previous year, while imports from Serbia reached US$995 million, up 99.7 percent from 2020. China is one of Serbia’s largest trading partners and its largest economic partner in Asia.