Abstract
AbstractSerbia has re-emerged as a subject of international trade in 2006 after a long period of economic sanctions and trade isolation. Its trade with the world is under the potential and its exports include low-processed products. The main trade partners of Serbia include the European Union (EU), other signatories of the Revised Central European Free Trade Agreement (CEFTA 2006) and the Russian Federation. But the EU also dominates as the main FDI investor in Serbia. Concerning regional trade integration, Serbia is a member of CEFTA 2006 integration that represents a free trade area in the Western Balkans. Serbia also aspires to become a member of the EU and is in the accession process. At present, 16 chapters are opened for negotiation out of 35 in total. The World Trade Organization is the main global trade institution, but Serbia is not a member yet and this has a significant impact on its treatment in global trade relations.KeywordsForeign direct investment (FDI)Trade balanceMerchandise tradeCommercial servicesEuropean UnionCEFTA 2006
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