Serbia - Trade Barriers Serbia - Trade Barriers
Serbia has made some trade policy reforms to bring practices closer to conformity with WTO requirements. Reforms include the elimination of import quotas, the reduction of import licensing and prohibitions, the streamlining of customs procedures, and the reduction of tariff and non-tariff barriers.
The legal basis for the trade of goods in Serbia is defined through the Law on Foreign Trade Transactions (FTT), the Law on Customs, the Law on Customs Tariffs, and the Decision on Determining Goods Subject to Issuance of Specific Documents for Import, Export, and Transit. The FTT generally provides that foreign trade is liberal and without limitations. Once registered for performing business activities, a legal entity/entrepreneur may perform foreign as well as domestic operations. No special approval or procedure is required for re-export transactions, except for arms, ammunition, and dual-use goods, which are subject to other regulations.