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Serbian agriculture minister reports record export growth to China

China

Serbian agriculture minister reports record export growth to China
China

China

Serbian agriculture minister reports record export growth to China

2026-03-11 19:20 Last Updated At:19:37

Serbia's Agriculture Minister Dragan Glamocic hailed the surge in exports to China following the launch of a landmark free trade agreement (FTA) in recent years, calling the pact a strategic relationship of mutual vision and voicing optimism for deeper bilateral cooperation.

The FTA between China and Serbia, signed in October 2023 and implemented on July 1, 2024, eliminates tariffs on roughly 90 percent of bilateral trade. More than 60 percent of goods became duty-free immediately upon its entry into force, marking a decisive step in deepening economic ties.

He said the agreement has reshaped Serbia’s trade profile, fueling a 69-percent jump in agricultural exports while accelerating imports of Chinese technologies and farm mechanization.

"The relationship between the People's Republic of China and the Republic of Serbia, I would describe as a long-term, strategic relationship of mutual political and clear economic vision.The Free Trade Agreement between our countries was signed in 2023. It was introduced in 2024. As a result, our trade exchange has greatly improved, especially in the field of agriculture. We can say from that moment our exports to China grew for 69 percent. We have also made easier the import of certain things, such as mechanization and digital technologies, from the People's Republic of China to Serbia," said Glamocic.

"Our traditional products, such as wine, our domestic brandy, our honey, dried plums, frozen raspberries, similarly, imports of modern technologies from China are increasing, mechanization also, which really improves our agriculture business in Serbia. So I am an optimist that it will get better and better every day," he added.

The minister spoke highly of Serbia's partnership with China and voiced hope for broader cooperation in the future.

"What I would expect from China is that we sometimes try to speed up these procedures as much as possible. It is especially an honor for us when such a small country has such a status in the People's Republic of China. We were the first country to sign this type of strategic document in Europe, and we have reached the highest possible level among the two countries," he said.

Serbian agriculture minister reports record export growth to China

Serbian agriculture minister reports record export growth to China

The International Energy Agency has proposed a major release of oil from strategic reserves.

The move is intended to lower crude prices amid rising tensions in the Middle East.

The reported release would surpass the combined 182 million barrels that IEA member countries made available in two separate releases in 2022, during the Russia-Ukraine conflict.

The proposal was circulated on Tuesday at an emergency meeting of energy officials from 32 IEA member countries. A decision on the proposal is expected to be made on Wednesday.

IEA proposes record release of oil reserves against soaring prices

IEA proposes record release of oil reserves against soaring prices

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