Free Trade Agreement with Egypt a Major Opportunity for Serbian Food Exports
The Free Trade Agreement (FTA) between Serbia and Egypt represents a significant step in strengthening the economic cooperation between the two countries and opens up new opportunities for trade and investment. By eliminating tariffs on most products, the agreement will lead to an increase in trade volume and the competitiveness of Serbian products in the large Egyptian market, which has over 100 million consumers.
cargo-partner Serbia welcomes the recent signing of FTA. The agreement will become valid on the first day of the second month after both Parties receive the last written notification through diplomatic channels that all necessary conditions have been met according to their national laws.
Nebojsa Djekic, Director Business Development at cargo-partner Serbia and Croatia, expressed satisfaction with the signing of the agreement:
– This is excellent news for the Serbian economy as it will facilitate access to the Egyptian market and enable an increase in goods exchange. cargo-partner Serbia is ready to provide its clients with comprehensive logistics support, using its global network and expertise to ensure efficient and reliable business with Egypt.”
Growing Trade Exchange as an Indicator of Potential
The trade exchange between Serbia and Egypt has been steadily growing in recent years. According to data from the Statistical Office of the Republic of Serbia, in 2023, Serbia’s exports to Egypt amounted to 117.2 million euros, while imports from Egypt to Serbia amounted to 36.9 million euros.
Grains, iron and steel, machinery and electronics, chemical products, plastics, and rubber are the main export products from Serbia to Egypt. On the other hand, Serbia mainly imports fruits, vegetables, textiles, fertilizers, plastics, rubber, and pharmaceutical products from Egypt.
cargo-partner Serbia: Reliable Logistics Partner for Trade with Egypt
cargo-partner Serbia offers a wide range of logistics services for trade with Egypt, including air, sea, and road transport, customs clearance, and warehousing. With over 40 years of experience in logistics and a global network that spans over 140 offices in more than 40 countries, cargo-partner is the ideal partner for Serbian companies looking to take advantage of the Free Trade Agreement and achieve success in the Egyptian market.
In addition to logistics services, cargo-partner Serbia also offers advisory services to help clients adapt to new trade conditions and take full advantage of the benefits provided by the Free Trade Agreement. Vladimir Prica, cargo-partner’s Corporate Route Manager for the African region has direct contact with goods transported through various ports such as Koper, Rijeka, Bar, Pireus, and Thessaloniki.
He emphasizes:
– This agreement is very important due to the potential it has on Serbian exports of perishable goods. cargo-partner’s strong position in Egypt, bolstered by its experienced agents, ensures the smooth transport of goods.
This expertise and strong network are particularly beneficial for the efficient handling and timely delivery of perishable items, helping to maintain the quality and competitiveness of Serbian exports in the Egyptian market.
About cargo-partner
cargo-partner is a full-range info-logistics provider offering a comprehensive portfolio of air, sea, land transport and warehousing solutions. With over 40 years of expertise in information technology and supply chain optimization, the company designs tailor-made services for a wide range of industries to create competitive benefits for its customers all around the world.
Founded in 1983, cargo-partner generated a turnover of over 2.06 billion euro in 2022 and currently employs more than 4,000 people worldwide. Since January 2024, cargo-partner has been a member of the Nippon Express Group.
Source/photo: Promo
