China and Serbia just took their friendship to the next level! 🎉 On Monday, the China-Serbia Free Trade Agreement (FTA) kicked off in style with a launch event in Novi Sad, Serbia's vibrant second-largest city.
So, what's the big deal? Well, under this fresh FTA signed last October, a whopping 90% of products traded between the two countries will be free from tariffs. Even cooler, over 60% of them are enjoying zero tariffs right now! 🌟 That means more goodies flowing between China and Serbia without those pesky extra charges.
Serbia's Minister of Domestic and Foreign Trade, Tomislav Momirovic, and China's Ambassador to Serbia, Li Ming, were all smiles at the event. Momirovic couldn't hide his excitement, calling it a game-changer for Serbia's economy. \"This is a major development for the Serbian economy,\" he said. \"We're looking at a market of 1.4 billion consumers!\" 😮
He also gave a shoutout to the \"ironclad friendship\" between Serbia and China, highlighting how this agreement will boost trade, spark investment, and link up industrial chains. Basically, it's a win-win that'll make both countries even more competitive on the global stage. 💪
Did you know China has already invested a massive 5.5 billion euros ($5.9 billion) in Serbia? That makes it one of Serbia's top investors! Talk about BFF goals! 🤝
Ambassador Li Ming was equally thrilled, praising how quickly the agreement came together—less than a year and a half from talks to launch! He said this speedy turnaround shows just how strong the political trust and friendship are between the two nations. 🥳
This epic FTA is set to open doors for businesses and consumers alike, making it easier than ever to exchange products and ideas. So, get ready for a surge of new opportunities and collaborations between China and Serbia! 🚀
Reference(s):
cgtn.com
