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Free Trade Agreement with Israel Expected in the Fall

Feb 28, 2025

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Israeli importers are increasingly interested in Serbian products,  the signing of a free trade agreement between the two countries is expected in September, while additionally, Israel has confirmed its participation in Expo 2027 in Belgrade.

"Following the visit of Foreign Minister Marko Đurić to Israel, discussions with the local business community, importers, and accelerators have shown increased interest in the standards and competitiveness of Serbian exporters, as well as in preparations for Expo 2027," said Aleksandar Nikolić, Director of the Serbian Chamber of Commerce’s Representation in Jerusalem and Honorary Consul of Serbia in Israel.

He emphasized the strong interest of retail supermarket chains and leading importers of the food industry.

"Accelerators such as Tech7, as well as companies like Colosseum and HYPE, known for their innovations in sports, are also looking forward to cooperation with Serbian businesses," Nikolić added.

During the visit, Israeli Foreign Minister Gideon Sa’ar highlighted that Israel views Serbia as a strategic partner and reaffirmed the country's participation in Expo 2027 in Belgrade.

Special attention was given to tourism and the networking of innovation ecosystems to strengthen bilateral relations. Minister Đurić noted that Serbia leads economic growth in Southeast Europe, with a growth rate of approximately 4%, a strong IT and software industry, and significant opportunities for partnership in these sectors, Nikolić added.

During a meeting with the Speaker of the Knesset, Amir Ohana, the discussion focused on trade growth statistics—a 63% increase compared to 2023—Israeli investments in Serbia reaching $3 billion, and a 37% rise in tourist visits.
The very positive trends in economic relations between Serbia and Israel are paving the way for the signing of a free trade agreement, expected in September, the Serbian Chamber of Commerce representative in Jerusalem emphasized.

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